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

Texas Capital Bancshares (NASDAQ:TCBI) had its price target cut by DA Davidson from $81.00 to $76.00 in a research report report published on Monday,Benzinga reports. They currently have a neutral rating on the bank’s stock.

Several other equities research analysts have also recently weighed in on TCBI. Hovde Group dropped their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a report on Monday. JPMorgan Chase & Co. cut their target price on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an “underweight” rating on the stock in a report on Monday. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Stephens cut their price target on shares of Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an “outperform” rating for the company in a research note on Monday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus target price of $76.64.

Texas Capital Bancshares Stock Down 2.8 %

Shares of NASDAQ TCBI opened at $64.21 on Monday. The stock has a market capitalization of $2.96 billion, a P/E ratio of 50.16, a PEG ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares has a one year low of $56.24 and a one year high of $91.80. The firm’s 50 day simple moving average is $72.90 and its two-hundred day simple moving average is $78.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Thursday, April 17th. The bank reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The business had revenue of $280.48 million during the quarter, compared to analysts’ expectations of $284.40 million. As a group, analysts expect that Texas Capital Bancshares will post 5.84 EPS for the current fiscal year.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was acquired at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the purchase, the director now owns 182,899 shares of the company’s stock, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 29,402 shares of company stock valued at $653,787 over the last ninety days. Company insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Texas Capital Bancshares by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 4,697,274 shares of the bank’s stock worth $367,327,000 after acquiring an additional 20,245 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Texas Capital Bancshares by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,305,685 shares of the bank’s stock valued at $258,505,000 after purchasing an additional 28,282 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Texas Capital Bancshares by 22.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock worth $58,246,000 after buying an additional 138,734 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Texas Capital Bancshares by 12.0% during the fourth quarter. Northern Trust Corp now owns 660,478 shares of the bank’s stock valued at $51,649,000 after buying an additional 70,804 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings in Texas Capital Bancshares by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank’s stock worth $49,101,000 after acquiring an additional 15,320 shares during the last quarter. Institutional investors 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.