Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Receives $74.75 Average Target Price from Analysts

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has been given a consensus rating of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $74.75.

Several research firms have recently commented on TCBI. DA Davidson upped their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Barclays raised their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Truist Financial increased their price objective on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $77.00 to $82.00 in a research note on Friday, October 18th. Finally, Hovde Group lifted their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th.

Texas Capital Bancshares Trading Up 1.0 %

NASDAQ TCBI opened at $81.57 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares has a one year low of $54.68 and a one year high of $91.80. The company has a 50-day simple moving average of $82.36 and a 200-day simple moving average of $74.17. The firm has a market capitalization of $3.77 billion, a PE ratio of 453.17, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in TCBI. Blue Trust Inc. increased its holdings in shares of Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after buying an additional 169 shares in the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Texas Capital Bancshares during the third quarter worth $31,000. Meeder Asset Management Inc. purchased a new stake in shares of Texas Capital Bancshares during the third quarter valued at $71,000. CWM LLC boosted its position in shares of Texas Capital Bancshares by 69.8% in the 3rd quarter. CWM LLC now owns 1,611 shares of the bank’s stock valued at $115,000 after purchasing an additional 662 shares during the period. Finally, Crossmark Global Holdings Inc. purchased a new position in Texas Capital Bancshares in the 3rd quarter worth about $201,000. 96.88% of the stock is currently owned by institutional investors.

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.