DA Davidson Has Lowered Expectations for Texas Capital Bancshares (NASDAQ:TCBI) Stock Price

Texas Capital Bancshares (NASDAQ:TCBI) had its price target reduced by research analysts at DA Davidson from $90.00 to $87.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the bank’s stock. DA Davidson’s target price suggests a potential upside of 13.14% from the stock’s previous close.

TCBI has been the topic of several other reports. Hovde Group lifted their target price on 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. Truist Financial lifted their target price on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, October 21st. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $77.00 to $82.00 in a report on Friday, October 18th. Barclays raised their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, Royal Bank of Canada upped their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $76.33.

Texas Capital Bancshares Trading Down 0.1 %

Texas Capital Bancshares stock opened at $76.90 on Friday. Texas Capital Bancshares has a one year low of $54.68 and a one year high of $91.80. The business’s fifty day moving average is $81.95 and its 200 day moving average is $74.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $3.55 billion, a PE ratio of 428.87, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. On average, sell-side analysts predict that Texas Capital Bancshares will post 4.08 EPS for the current year.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $41,000. KBC Group NV increased its position in shares of Texas Capital Bancshares by 64.2% during the fourth quarter. KBC Group NV now owns 2,172 shares of the bank’s stock worth $170,000 after purchasing an additional 849 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Texas Capital Bancshares by 5.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,948 shares of the bank’s stock valued at $700,000 after purchasing an additional 450 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Texas Capital Bancshares by 9.5% in the 4th quarter. Moody National Bank Trust Division now owns 17,371 shares of the bank’s stock valued at $1,358,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Cim Investment Management Inc. purchased a new position in Texas Capital Bancshares in the 3rd quarter valued at $212,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

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.