Stephens Boosts Texas Capital Bancshares (NASDAQ:TCBI) Price Target to $75.00

Texas Capital Bancshares (NASDAQ:TCBI) had its price target raised by Stephens from $73.00 to $75.00 in a research note released on Friday morning, Benzinga reports. They currently have an overweight rating on the bank’s stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. lowered their target price on Texas Capital Bancshares from $70.00 to $65.00 and set an underweight rating on the stock in a research report on Thursday, April 4th. Keefe, Bruyette & Woods lowered their target price on Texas Capital Bancshares from $76.00 to $74.00 and set an outperform rating on the stock in a research report on Monday, April 22nd. Wedbush lifted their target price on Texas Capital Bancshares from $62.00 to $70.00 and gave the company a neutral rating in a research report on Friday. Jefferies Financial Group lowered their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a hold rating on the stock in a research report on Wednesday, July 3rd. Finally, Truist Financial lifted their target price on Texas Capital Bancshares from $61.00 to $62.00 and gave the company a hold rating in a research report on Monday, July 8th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $64.50.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $66.00 on Friday. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.67 and a beta of 1.15. The stock’s 50-day moving average is $60.60 and its 200-day moving average is $60.16. Texas Capital Bancshares has a one year low of $52.89 and a one year high of $72.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The firm had revenue of $472.49 million during the quarter, compared to the consensus estimate of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same quarter last year, the firm earned $1.33 earnings per share. Equities analysts predict that Texas Capital Bancshares will post 3.5 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings acquired 3,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $19.50 per share, for a total transaction of $58,500.00. Following the completion of the acquisition, the director now directly owns 156,706 shares in the company, valued at approximately $3,055,767. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Robert W. Stallings acquired 6,000 shares of Texas Capital Bancshares stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $19.52 per share, for a total transaction of $117,120.00. Following the completion of the acquisition, the director now directly owns 163,706 shares in the company, valued at approximately $3,195,541.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert W. Stallings acquired 3,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $19.50 per share, with a total value of $58,500.00. Following the acquisition, the director now owns 156,706 shares of the company’s stock, valued at $3,055,767. The disclosure for this purchase can be found here. Insiders bought a total of 15,004 shares of company stock worth $292,878 over the last quarter. Company insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors have recently made changes to their positions in TCBI. CWM LLC boosted its stake in shares of Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the period. Mather Group LLC. bought a new stake in shares of Texas Capital Bancshares in the first quarter valued at approximately $50,000. Fidelis Capital Partners LLC bought a new stake in shares of Texas Capital Bancshares in the first quarter valued at approximately $54,000. Headlands Technologies LLC boosted its stake in shares of Texas Capital Bancshares by 41.9% in the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after buying an additional 476 shares during the period. Finally, Keener Financial Planning LLC bought a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $139,000. Institutional investors own 96.88% of the company’s stock.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.