Texas Capital Bancshares (NASDAQ:TCBI) PT Lowered to $74.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price target lowered by Keefe, Bruyette & Woods from $76.00 to $74.00 in a research note published on Monday morning, Benzinga reports. The firm currently has an outperform rating on the bank’s stock.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a sector perform rating for the company in a research note on Tuesday, April 9th. Raymond James cut shares of Texas Capital Bancshares from a strong-buy rating to a market perform rating in a research note on Thursday, April 4th. Citigroup dropped their target price on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a neutral rating for the company in a research report on Wednesday, March 13th. JPMorgan Chase & Co. dropped their target price on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an underweight rating for the company in a research report on Thursday, April 4th. Finally, UBS Group increased their target price on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a sell rating in a research report on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $63.58.

Texas Capital Bancshares Trading Down 0.1 %

Shares of TCBI stock opened at $60.12 on Monday. Texas Capital Bancshares has a 52-week low of $42.79 and a 52-week high of $66.18. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.09 and a beta of 1.19. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average of $59.01 and a 200-day moving average of $59.05.

Insider Activity

In other news, Director Robert W. Stallings purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $18.64 per share, for a total transaction of $111,840.00. Following the transaction, the director now directly owns 146,706 shares of the company’s stock, valued at approximately $2,734,599.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Robert W. Stallings purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were acquired at an average cost of $18.64 per share, for a total transaction of $111,840.00. Following the transaction, the director now directly owns 146,706 shares of the company’s stock, valued at approximately $2,734,599.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Stallings purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $18.81 per share, for a total transaction of $94,050.00. Following the completion of the transaction, the director now directly owns 140,706 shares in the company, valued at $2,646,679.86. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 18,000 shares of company stock valued at $422,650. 1.53% of the stock is currently owned by insiders.

Institutional Trading of Texas Capital Bancshares

Several hedge funds have recently bought and sold shares of TCBI. CWM LLC raised its holdings in Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after buying an additional 546 shares during the period. Atwood & Palmer Inc. acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth approximately $47,000. Mather Group LLC. acquired a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $50,000. Headlands Technologies LLC raised its holdings in Texas Capital Bancshares by 41.9% during the 4th quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after buying an additional 476 shares during the period. Finally, Strs Ohio raised its holdings in Texas Capital Bancshares by 133.3% during the 3rd quarter. Strs Ohio now owns 2,100 shares of the bank’s stock worth $123,000 after buying an additional 1,200 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.