Texas Capital Bancshares (NASDAQ:TCBI) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a sell rating to a hold rating in a research report report published on Monday morning.

Other equities analysts have also recently issued research reports about the stock. DA Davidson lifted their target price on shares of Texas Capital Bancshares from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Truist Financial increased their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research report on Monday. Jefferies Financial Group dropped their price objective on Texas Capital Bancshares from $64.00 to $61.00 and set a “hold” rating for the company in a report on Wednesday, July 3rd. Hovde Group lifted their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. raised their target price on Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $73.56.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $77.95 on Monday. The firm’s fifty day simple moving average is $70.55 and its 200-day simple moving average is $63.98. Texas Capital Bancshares has a fifty-two week low of $53.16 and a fifty-two week high of $82.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $3.60 billion, a PE ratio of 433.06, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 14,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were purchased at an average price of $19.93 per share, with a total value of $279,020.00. Following the completion of the acquisition, the director now directly owns 55,294 shares of the company’s stock, valued at approximately $1,102,009.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Robert W. Stallings bought 20,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average cost of $21.28 per share, with a total value of $425,600.00. Following the purchase, the director now directly owns 84,587 shares of the company’s stock, valued at approximately $1,800,011.36. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert W. Stallings purchased 14,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was purchased at an average price of $19.93 per share, for a total transaction of $279,020.00. Following the purchase, the director now directly owns 55,294 shares of the company’s stock, valued at $1,102,009.42. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 59,000 shares of company stock worth $1,209,220. 0.99% of the stock is currently owned by insiders.

Institutional Trading of Texas Capital Bancshares

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue grew its stake in shares of Texas Capital Bancshares by 3.5% in the third quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock worth $383,000 after purchasing an additional 180 shares in the last quarter. Tectonic Advisors LLC grew its position in Texas Capital Bancshares by 1.1% in the 3rd quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after buying an additional 244 shares in the last quarter. Blue Trust Inc. increased its stake in Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares during the period. AlphaMark Advisors LLC increased its stake in Texas Capital Bancshares by 2.6% during the 3rd quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after buying an additional 139 shares during the period. Finally, Creative Planning bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth about $440,000. 96.88% of the stock is currently owned by institutional investors and hedge funds.

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.