Texas Capital Bancshares Inc (TCBI) Given Consensus Recommendation of “Hold” by Analysts

Posted by Max Byerly on Jan 10th, 2019 // Comments off

Shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) have received a consensus recommendation of “Hold” from the twenty-one research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $92.00.

A number of equities analysts have recently commented on TCBI shares. BidaskClub lowered Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday, September 15th. Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, September 18th. ValuEngine lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Barclays cut their price target on Texas Capital Bancshares from $108.00 to $99.00 and set an “equal weight” rating for the company in a report on Wednesday, October 3rd. Finally, Wedbush set a $94.00 price objective on Texas Capital Bancshares and gave the stock a “buy” rating in a research report on Thursday, October 18th.

Shares of Texas Capital Bancshares stock traded down $0.55 during trading hours on Friday, reaching $53.28. The company had a trading volume of 68,997 shares, compared to its average volume of 733,450. Texas Capital Bancshares has a one year low of $47.86 and a one year high of $103.05. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.29 and a quick ratio of 1.21. The firm has a market capitalization of $2.67 billion, a P/E ratio of 13.06, a PEG ratio of 0.78 and a beta of 1.75.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 17th. The bank reported $1.65 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.07). Texas Capital Bancshares had a return on equity of 13.36% and a net margin of 23.10%. The company had revenue of $257.69 million during the quarter, compared to the consensus estimate of $257.14 million. During the same period in the previous year, the business earned $1.12 earnings per share. Sell-side analysts expect that Texas Capital Bancshares will post 6.01 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Texas Capital Bancshares by 2.6% during the third quarter. Vanguard Group Inc. now owns 4,540,983 shares of the bank’s stock valued at $375,312,000 after purchasing an additional 114,580 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Texas Capital Bancshares by 2.6% in the third quarter. Vanguard Group Inc now owns 4,540,983 shares of the bank’s stock worth $375,312,000 after purchasing an additional 114,580 shares during the last quarter. BlackRock Inc. grew its stake in shares of Texas Capital Bancshares by 0.9% in the third quarter. BlackRock Inc. now owns 4,423,563 shares of the bank’s stock worth $365,607,000 after purchasing an additional 37,705 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Texas Capital Bancshares by 31.2% in the third quarter. Alliancebernstein L.P. now owns 1,586,926 shares of the bank’s stock worth $131,159,000 after purchasing an additional 377,750 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Texas Capital Bancshares by 1.0% in the third quarter. American Century Companies Inc. now owns 1,515,412 shares of the bank’s stock worth $125,249,000 after purchasing an additional 14,507 shares during the last quarter.

Texas Capital Bancshares Company Profile

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.