Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Has Consensus Target Price of $105.09 According to Brokerages

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) have been assigned an average recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $105.09.

Several equities research analysts have recently commented on TCBI shares. JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $110.00 to $100.00 and set an “underweight” rating for the company in a report on Thursday, October 1st. Royal Bank Of Canada reduced their price objective on shares of Texas Capital Bancshares from $113.00 to $110.00 and set a “sector perform” rating for the company in a research note on Thursday, October 22nd. Barclays upgraded shares of Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 target price for the company in a report on Monday, August 3rd. DA Davidson set a $105.00 target price on shares of Texas Capital Bancshares in a research report on Thursday, October 22nd. Finally, TD Cowen boosted their price target on shares of Texas Capital Bancshares from $100.00 to $104.00 and gave the company a “hold” rating in a report on Friday, October 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Texas Capital Bancshares during the 2nd quarter valued at about $578,148,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Texas Capital Bancshares in the second quarter valued at approximately $75,429,000. Wellington Management Group LLP lifted its stake in Texas Capital Bancshares by 47.3% in the second quarter. Wellington Management Group LLP now owns 483,210 shares of the bank’s stock valued at $49,896,000 after acquiring an additional 155,201 shares during the last quarter. Bank of America Corp DE acquired a new stake in Texas Capital Bancshares in the second quarter valued at approximately $47,997,000. Finally, Bank of New York Mellon Corp bought a new stake in Texas Capital Bancshares in the second quarter worth approximately $43,244,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Stock Down 0.9%

TCBI stock opened at $101.77 on Tuesday. The firm has a market cap of $4.32 billion, a PE ratio of 13.06, a P/E/G ratio of 1.04 and a beta of 0.63. Texas Capital Bancshares has a 12 month low of $81.26 and a 12 month high of $108.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $95.75 and a 200 day simple moving average of $98.68.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.39. The company had revenue of $356.60 million for the quarter, compared to analysts’ expectations of $339.89 million. Texas Capital Bancshares had a return on equity of 11.04% and a net margin of 17.74%. Equities research analysts forecast that Texas Capital Bancshares will post 7.72 earnings per share for the current fiscal year.

Texas Capital Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. Texas Capital Bancshares’s dividend payout ratio is presently 10.27%.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.