Texas Capital Bancshares Inc. (NASDAQ:TCBI) will release its earnings data on Thursday, October 20th. Analysts expect Texas Capital Bancshares to post earnings of $0.86 per share for the quarter.
Shares of Texas Capital Bancshares Inc. (NASDAQ:TCBI) opened at 56.30 on Wednesday. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 20.77 and a beta of 1.47. The firm has a 50-day moving average of $53.98 and a 200 day moving average of $48.43. Texas Capital Bancshares Inc. has a one year low of $29.78 and a one year high of $61.83.
In other news, Director James H. Browning sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $52.55, for a total value of $131,375.00. Following the completion of the sale, the director now owns 8,314 shares of the company’s stock, valued at approximately $436,900.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Highbridge Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at $314,000. KCG Holdings Inc. acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at $379,000. Summit Securities Group LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at $472,000. Profund Advisors LLC boosted its stake in shares of Texas Capital Bancshares by 2.9% in the second quarter. Profund Advisors LLC now owns 10,837 shares of the company’s stock valued at $507,000 after buying an additional 304 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Texas Capital Bancshares by 267.3% in the second quarter. BlackRock Inc. now owns 11,375 shares of the company’s stock valued at $533,000 after buying an additional 8,278 shares during the last quarter.
Several analysts have commented on the stock. Wedbush assumed coverage on shares of Texas Capital Bancshares in a research note on Thursday, October 6th. They issued a “neutral” rating and a $54.00 price target on the stock. Deutsche Bank AG boosted their price target on shares of Texas Capital Bancshares from $56.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, October 11th. Barclays PLC boosted their target price on shares of Texas Capital Bancshares from $52.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 11th. Raymond James Financial Inc. restated an “outperform” rating and issued a $54.00 target price (up from $52.00) on shares of Texas Capital Bancshares in a report on Thursday, July 21st. Finally, Citigroup Inc. downgraded shares of Texas Capital Bancshares to an “outperform” rating and boosted their target price for the stock from $52.00 to $54.00 in a report on Thursday, July 21st. Fifteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $52.50.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.
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