Texas Capital Bancshares (TCBI) Given New $100.00 Price Target at SunTrust Banks

Texas Capital Bancshares (NASDAQ:TCBI) had its price objective cut by equities researchers at SunTrust Banks to $100.00 in a note issued to investors on Thursday. SunTrust Banks’ target price points to a potential upside of 11.30% from the stock’s current price.

Several other equities research analysts also recently issued reports on TCBI. Keefe, Bruyette & Woods restated a “hold” rating on shares of Texas Capital Bancshares in a report on Thursday. Piper Jaffray upgraded Texas Capital Bancshares from a “neutral” rating to an “overweight” rating in a report on Thursday. Bank of America boosted their price target on Texas Capital Bancshares from $110.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, January 25th. UBS upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays reiterated a “neutral” rating and issued a $104.00 price target (up from $90.00) on shares of Texas Capital Bancshares in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $98.75.

TCBI stock opened at $89.85 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $102.90. The company has a market cap of $4,471.98, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 1.23 and a beta of 1.78.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, April 18th. The bank reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The company had revenue of $230.25 million for the quarter, compared to the consensus estimate of $225.43 million. During the same period in the previous year, the business earned $0.80 EPS. equities analysts forecast that Texas Capital Bancshares will post 6.11 EPS for the current fiscal year.

In related news, CEO C Keith Cargill acquired 2,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, February 6th. The stock was acquired at an average price of $90.60 per share, for a total transaction of $181,200.00. Following the transaction, the chief executive officer now directly owns 82,286 shares of the company’s stock, valued at approximately $7,455,111.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ian J. Turpin sold 1,186 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $89.55, for a total value of $106,206.30. Following the transaction, the director now owns 9,491 shares of the company’s stock, valued at approximately $849,919.05. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB acquired a new position in Texas Capital Bancshares during the 4th quarter valued at approximately $420,000. MetLife Investment Advisors LLC acquired a new position in Texas Capital Bancshares during the 4th quarter valued at approximately $4,791,000. Castleark Management LLC acquired a new position in Texas Capital Bancshares during the 4th quarter valued at approximately $222,000. Metropolitan Life Insurance Co. NY acquired a new position in Texas Capital Bancshares during the 4th quarter valued at approximately $2,520,000. Finally, Zeke Capital Advisors LLC acquired a new position in Texas Capital Bancshares during the 4th quarter valued at approximately $228,000.

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About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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