Texas Capital Bancshares (NASDAQ:TCBI) had its price target increased by Barclays from $87.00 to $103.00 in a research report report published on Tuesday, Marketbeat Ratings reports. Barclays currently has an equal weight rating on the bank’s stock.
A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research raised Texas Capital Bancshares from a hold rating to a buy rating and set a $104.00 price target on the stock in a research report on Tuesday, December 26th. Keefe, Bruyette & Woods reissued a hold rating and set a $100.00 price target on shares of Texas Capital Bancshares in a research report on Friday, December 22nd. Wedbush raised Texas Capital Bancshares from a neutral rating to an outperform rating and reduced their price target for the stock from $108.00 to $87.00 in a research report on Thursday, December 21st. BidaskClub raised Texas Capital Bancshares from a sell rating to a hold rating in a research report on Wednesday, December 20th. Finally, SunTrust Banks reissued a buy rating and set a $100.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $95.00.
Shares of Texas Capital Bancshares (TCBI) traded up $0.35 during midday trading on Tuesday, hitting $91.80. The stock had a trading volume of 407,800 shares, compared to its average volume of 442,500. The company has a market capitalization of $4,538.35, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.48 and a beta of 1.66. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27. Texas Capital Bancshares has a one year low of $69.65 and a one year high of $95.20.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $87.52, for a total value of $306,320.00. Following the sale, the chief operating officer now owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.47% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Eagle Asset Management Inc. boosted its holdings in shares of Texas Capital Bancshares by 791.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock valued at $67,448,000 after acquiring an additional 689,096 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of Texas Capital Bancshares during the 2nd quarter valued at $661,000. Balyasny Asset Management LLC boosted its holdings in shares of Texas Capital Bancshares by 474.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 657,805 shares of the bank’s stock valued at $50,914,000 after acquiring an additional 543,299 shares in the last quarter. State Street Corp boosted its holdings in shares of Texas Capital Bancshares by 14.8% during the 2nd quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock valued at $270,711,000 after acquiring an additional 449,797 shares in the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Texas Capital Bancshares by 26.5% during the 2nd quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock valued at $164,699,000 after acquiring an additional 445,248 shares in the last quarter.
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About Texas Capital Bancshares
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 loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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