Texas Capital Bancshares (NASDAQ:TCBI) Stock Price Expected to Rise, Hovde Group Analyst Says

Texas Capital Bancshares (NASDAQ:TCBI) had its target price raised by equities researchers at Hovde Group from $93.00 to $102.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “market perform” rating on the bank’s stock. Hovde Group’s target price indicates a potential upside of 4.48% from the stock’s previous close.

A number of other research firms have also commented on TCBI. JPMorgan Chase & Co. lifted their price objective on shares of Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a research note on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their price target on Texas Capital Bancshares from $98.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. TD Cowen upped their price objective on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a research note on Monday. Stephens lifted their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Raymond James Financial boosted their target price on Texas Capital Bancshares from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, January 7th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.17.

Texas Capital Bancshares Stock Up 0.6%

Shares of NASDAQ TCBI opened at $97.63 on Tuesday. The business has a 50-day moving average price of $93.68 and a 200 day moving average price of $88.03. The stock has a market cap of $4.46 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 0.68 and a beta of 0.67. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares has a 52-week low of $59.37 and a 52-week high of $105.36.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.30. The business had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period in the prior year, the company earned $1.43 earnings per share. Equities research analysts forecast that Texas Capital Bancshares will post 5.84 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in Texas Capital Bancshares by 25.1% in the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock valued at $162,229,000 after acquiring an additional 384,748 shares during the period. Azora Capital LP boosted its holdings in Texas Capital Bancshares by 11.5% during the third quarter. Azora Capital LP now owns 1,036,613 shares of the bank’s stock worth $87,625,000 after buying an additional 106,599 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Texas Capital Bancshares by 2.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 847,583 shares of the bank’s stock worth $76,740,000 after buying an additional 18,258 shares during the period. Bank of New York Mellon Corp grew its position in Texas Capital Bancshares by 12.3% during the second quarter. Bank of New York Mellon Corp now owns 657,626 shares of the bank’s stock worth $52,216,000 after buying an additional 71,774 shares during the period. Finally, Norges Bank purchased a new position in Texas Capital Bancshares in the second quarter valued at about $45,364,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.