Texas Capital Bancshares (NASDAQ:TCBI) Hits New 1-Year High – What’s Next?

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) reached a new 52-week high during trading on Tuesday . The stock traded as high as $105.99 and last traded at $104.19, with a volume of 77848 shares traded. The stock had previously closed at $102.48.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a research note on Friday, January 23rd. Piper Sandler lifted their price objective on Texas Capital Bancshares from $86.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Royal Bank Of Canada increased their target price on Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. Raymond James Financial boosted their price target on Texas Capital Bancshares from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, January 7th. Finally, Hovde Group increased their price objective on Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $101.17.

Texas Capital Bancshares Trading Up 2.0%

The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.77 billion, a PE ratio of 15.42, a P/E/G ratio of 0.49 and a beta of 0.67. The business’s fifty day moving average is $95.11 and its 200-day moving average is $88.50.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. The firm had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. During the same quarter in the prior year, the company earned $1.43 EPS. As a group, analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Laura L. Whitley acquired 500 shares of Texas Capital Bancshares stock in a transaction on Monday, January 26th. The shares were bought at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the purchase, the director directly owned 7,961 shares in the company, valued at $776,277.11. This trade represents a 6.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were bought at an average price of $20.91 per share, for a total transaction of $41,820.00. Following the completion of the acquisition, the director owned 277,913 shares in the company, valued at approximately $5,811,160.83. This trade represents a 0.72% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 3,000 shares of company stock worth $139,355 in the last 90 days. Company insiders own 1.72% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Texas Capital Bancshares by 10.0% during the third quarter. GAMMA Investing LLC now owns 1,332 shares of the bank’s stock valued at $113,000 after acquiring an additional 121 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Texas Capital Bancshares by 4.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 2,902 shares of the bank’s stock worth $245,000 after purchasing an additional 126 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of Texas Capital Bancshares by 0.9% during the 3rd quarter. Arizona State Retirement System now owns 13,575 shares of the bank’s stock valued at $1,147,000 after purchasing an additional 126 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Texas Capital Bancshares by 4.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,665 shares of the bank’s stock worth $310,000 after buying an additional 142 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in Texas Capital Bancshares by 2.1% during the third quarter. Teacher Retirement System of Texas now owns 7,149 shares of the bank’s stock valued at $604,000 after buying an additional 144 shares in the last quarter. 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.