BidaskClub downgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a hold rating to a sell rating in a research report report published on Friday.

Several other brokerages have also recently commented on TCBI. Barclays reaffirmed a neutral rating and issued a $104.00 target price (up previously from $90.00) on shares of Texas Capital Bancshares in a research report on Friday, January 26th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a research report on Friday, December 22nd. Piper Jaffray Companies reaffirmed a hold rating and issued a $98.50 target price on shares of Texas Capital Bancshares in a research report on Tuesday, January 9th. SunTrust Banks reaffirmed a buy rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Finally, Deutsche Bank raised their target price on Texas Capital Bancshares from $93.00 to $95.00 and gave the stock a hold rating in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $98.75.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded down $1.15 during trading on Friday, hitting $94.65. The stock had a trading volume of 544,531 shares, compared to its average volume of 480,291. The firm has a market capitalization of $4,755.83, a PE ratio of 25.38, a PEG ratio of 1.31 and a beta of 1.77. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. Texas Capital Bancshares has a 1-year low of $69.65 and a 1-year high of $102.90.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The business had revenue of $230.02 million during the quarter, compared to analysts’ expectations of $219.78 million. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. During the same quarter last year, the firm posted $0.96 earnings per share. research analysts anticipate that Texas Capital Bancshares will post 6.1 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Texas Capital Bancshares by 2.5% during the second quarter. Vanguard Group Inc. now owns 4,053,255 shares of the bank’s stock valued at $313,721,000 after purchasing an additional 98,473 shares during the last quarter. State Street Corp boosted its position in Texas Capital Bancshares by 14.8% during the second quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock valued at $270,711,000 after purchasing an additional 449,797 shares during the last quarter. Capital Research Global Investors boosted its position in Texas Capital Bancshares by 26.5% during the second quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock valued at $164,699,000 after purchasing an additional 445,248 shares during the last quarter. Wasatch Advisors Inc. boosted its position in Texas Capital Bancshares by 3.6% during the second quarter. Wasatch Advisors Inc. now owns 1,438,060 shares of the bank’s stock valued at $111,306,000 after purchasing an additional 50,474 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Texas Capital Bancshares by 22.1% during the third quarter. Bank of New York Mellon Corp now owns 1,149,203 shares of the bank’s stock valued at $98,602,000 after purchasing an additional 208,235 shares during the last quarter.

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Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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