Texas Capital Bancshares (NASDAQ:TCBI) Upgraded at StockNews.com

StockNews.com upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a sell rating to a hold rating in a research note released on Friday.

Several other equities analysts have also recently weighed in on TCBI. Hovde Group increased their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $95.00 price objective (down previously from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. DA Davidson cut their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Finally, Royal Bank of Canada lifted their price target on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and an average target price of $79.13.

Texas Capital Bancshares Trading Down 0.4 %

NASDAQ:TCBI opened at $78.95 on Friday. Texas Capital Bancshares has a 52 week low of $54.68 and a 52 week high of $91.80. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 61.68, a PEG ratio of 0.69 and a beta of 1.17. The company’s 50 day moving average price is $81.05 and its 200-day moving average price is $74.93. The company has a quick ratio of 1.01, a current ratio of 1.00 and a debt-to-equity ratio of 0.22.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, equities research analysts forecast that Texas Capital Bancshares will post 5.82 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 2,006 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $20.99 per share, for a total transaction of $42,105.94. Following the transaction, the director now directly owns 182,899 shares in the company, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired a total of 8,402 shares of company stock valued at $213,837 in the last three months. 0.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in Texas Capital Bancshares in the 3rd quarter valued at $31,000. Venturi Wealth Management LLC acquired a new stake in Texas Capital Bancshares during the 4th quarter worth $37,000. R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter worth $41,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at about $71,000. 96.88% of the stock is owned by hedge funds and other institutional investors.

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.