Barclays Boosts Texas Capital Bancshares (TCBI) Price Target to $103.00

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.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.01. The business had revenue of $204.40 million for the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. research analysts predict that Texas Capital Bancshares will post 4.04 earnings per share for the current fiscal year.

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.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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