Texas Capital Bancshares (TCBI) Given a $78.00 Price Target at Stephens

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Texas Capital Bancshares (NASDAQ:TCBI) received a $78.00 target price from equities research analysts at Stephens in a research note issued to investors on Thursday. The brokerage currently has a “hold” rating on the bank’s stock. Stephens’ price target would suggest a potential upside of 16.71% from the company’s current price.

Several other research analysts also recently commented on the stock. Raymond James dropped their target price on shares of Texas Capital Bancshares from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday. SunTrust Banks lifted their target price on shares of Texas Capital Bancshares to $90.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada dropped their target price on shares of Texas Capital Bancshares to $90.00 and set a “sector perform” rating on the stock in a report on Thursday. Wedbush set a $94.00 target price on shares of Texas Capital Bancshares and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $99.47.

Shares of TCBI opened at $66.83 on Thursday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 16.38, a PEG ratio of 1.11 and a beta of 1.77. Texas Capital Bancshares has a one year low of $66.50 and a one year high of $103.05. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 2.00.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 17th. The bank reported $1.65 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.07). The firm had revenue of $257.69 million during the quarter, compared to the consensus estimate of $257.14 million. Texas Capital Bancshares had a return on equity of 13.60% and a net margin of 23.10%. During the same quarter last year, the business earned $1.12 EPS. On average, research analysts expect that Texas Capital Bancshares will post 6.11 EPS for the current fiscal year.

In related news, insider Vince A. Ackerson acquired 2,000 shares of the company’s stock in a transaction dated Friday, October 19th. The shares were bought at an average price of $67.00 per share, for a total transaction of $134,000.00. Following the acquisition, the insider now owns 28,485 shares in the company, valued at approximately $1,908,495. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Keith Cargill acquired 3,000 shares of the company’s stock in a transaction dated Friday, October 19th. The shares were bought at an average price of $67.59 per share, for a total transaction of $202,770.00. Following the acquisition, the chief executive officer now owns 90,880 shares in the company, valued at approximately $6,142,579.20. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of Texas Capital Bancshares by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 215,393 shares of the bank’s stock valued at $19,363,000 after acquiring an additional 5,306 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Texas Capital Bancshares during the 1st quarter valued at about $222,000. Allianz Asset Management GmbH boosted its position in shares of Texas Capital Bancshares by 35.6% during the 1st quarter. Allianz Asset Management GmbH now owns 21,121 shares of the bank’s stock valued at $1,899,000 after acquiring an additional 5,542 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Texas Capital Bancshares by 56.3% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 10,160 shares of the bank’s stock valued at $913,000 after acquiring an additional 3,661 shares in the last quarter. Finally, A.R.T. Advisors LLC boosted its position in shares of Texas Capital Bancshares by 85.0% during the 1st quarter. A.R.T. Advisors LLC now owns 6,475 shares of the bank’s stock valued at $582,000 after acquiring an additional 2,975 shares in the last quarter.

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.

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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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