Texas Capital Bancshares Inc (NASDAQ:TCBI) Given Consensus Rating of “Hold” by Analysts

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Texas Capital Bancshares Inc (NASDAQ:TCBI) has received an average rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $65.55.

A number of research firms recently issued reports on TCBI. SunTrust Banks downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $72.00 to $63.00 in a report on Thursday, July 18th. BidaskClub downgraded shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 13th. ValuEngine upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Raymond James lifted their target price on shares of Texas Capital Bancshares from $63.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Finally, UBS Group downgraded shares of Texas Capital Bancshares from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $62.00 to $52.00 in a research note on Monday, August 5th.

NASDAQ TCBI traded down $2.30 during trading hours on Friday, reaching $53.25. 520,028 shares of the company were exchanged, compared to its average volume of 514,093. Texas Capital Bancshares has a 1 year low of $47.86 and a 1 year high of $93.95. The business’s 50 day simple moving average is $58.37 and its 200-day simple moving average is $59.65. The company has a quick ratio of 1.21, a current ratio of 1.26 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $2.79 billion, a P/E ratio of 9.20, a P/E/G ratio of 0.89 and a beta of 1.79.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, July 17th. The bank reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.03). Texas Capital Bancshares had a return on equity of 13.29% and a net margin of 22.88%. The company had revenue of $267.92 million for the quarter, compared to analysts’ expectations of $267.15 million. During the same quarter last year, the business posted $1.38 EPS. As a group, sell-side analysts anticipate that Texas Capital Bancshares will post 6.03 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new position in Texas Capital Bancshares during the first quarter valued at approximately $34,000. Tower Research Capital LLC TRC grew its stake in Texas Capital Bancshares by 1,637.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,251 shares of the bank’s stock valued at $76,000 after acquiring an additional 1,179 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Texas Capital Bancshares during the second quarter valued at approximately $87,000. Kavar Capital Partners LLC purchased a new position in Texas Capital Bancshares during the second quarter valued at approximately $123,000. Finally, First Interstate Bank grew its stake in Texas Capital Bancshares by 23.2% during the first quarter. First Interstate Bank now owns 2,575 shares of the bank’s stock valued at $141,000 after acquiring an additional 485 shares in the last quarter. Hedge funds and other institutional investors own 95.53% of the company’s stock.

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.

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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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