Texas Capital Bancshares (NASDAQ:TCBI) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $105.00 to $110.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 5.14% from the company’s current price.

Other research analysts have also recently issued reports about the company. Zacks Research cut Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Piper Sandler raised their price target on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Royal Bank Of Canada upped their price objective on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Fundamental Research set a $110.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday. Finally, Wall Street Zen downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $106.17.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock traded up $1.36 during mid-day trading on Wednesday, reaching $104.62. 49,007 shares of the company traded hands, compared to its average volume of 482,965. The firm’s fifty day moving average is $100.25 and its two-hundred day moving average is $98.31. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.46 and a beta of 0.67. Texas Capital Bancshares has a fifty-two week low of $75.41 and a fifty-two week high of $108.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. The firm had revenue of $323.99 million for the quarter, compared to analyst estimates of $318.10 million. Texas Capital Bancshares had a net margin of 17.71% and a return on equity of 10.76%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.92 earnings per share. On average, equities research analysts expect that Texas Capital Bancshares will post 7.63 earnings per share for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In other news, insider Anna M. Alvarado sold 3,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total transaction of $353,325.00. Following the completion of the sale, the insider owned 23,810 shares of the company’s stock, valued at $2,403,619.50. This represents a 12.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the completion of the sale, the chief executive officer owned 167,635 shares of the company’s stock, valued at $16,968,014.70. This trade represents a 22.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 102,100 shares of company stock valued at $10,366,023 over the last quarter. 1.91% of the stock is owned by company insiders.

Institutional Trading of Texas Capital Bancshares

Hedge funds have recently bought and sold shares of the business. Evolve Private Wealth LLC boosted its holdings in shares of Texas Capital Bancshares by 1.7% during the 1st quarter. Evolve Private Wealth LLC now owns 5,987 shares of the bank’s stock worth $568,000 after purchasing an additional 98 shares during the last quarter. GAMMA Investing LLC lifted its position in Texas Capital Bancshares by 9.8% during the fourth quarter. GAMMA Investing LLC now owns 1,463 shares of the bank’s stock worth $132,000 after buying an additional 131 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Texas Capital Bancshares by 2.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,079 shares of the bank’s stock worth $550,000 after buying an additional 135 shares during the last quarter. Root Financial Partners LLC boosted its stake in Texas Capital Bancshares by 85.2% during the first quarter. Root Financial Partners LLC now owns 326 shares of the bank’s stock worth $31,000 after buying an additional 150 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Texas Capital Bancshares by 14.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock valued at $143,000 after buying an additional 189 shares in the last quarter. Institutional investors and hedge funds 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.