BidaskClub upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a sell rating to a hold rating in a research report report published on Friday morning.
A number of other equities research analysts have also recently commented on TCBI. Zacks Investment Research cut shares of Texas Capital Bancshares from a strong-buy rating to a hold rating in a research report on Tuesday, February 20th. Stephens reissued a hold rating on shares of Texas Capital Bancshares in a report on Tuesday, March 6th. UBS Group started coverage on shares of Texas Capital Bancshares in a report on Thursday, March 22nd. They issued a sell rating for the company. Keefe, Bruyette & Woods reissued a hold rating on shares of Texas Capital Bancshares in a report on Thursday, April 19th. Finally, Piper Jaffray Companies raised shares of Texas Capital Bancshares from a neutral rating to an overweight rating in a report on Thursday, April 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Texas Capital Bancshares has an average rating of Hold and a consensus price target of $101.04.
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Shares of Texas Capital Bancshares opened at $102.35 on Friday, according to MarketBeat Ratings. The stock has a market capitalization of $5.08 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.37 and a beta of 1.74. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. Texas Capital Bancshares has a 52 week low of $69.65 and a 52 week high of $103.05.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, April 18th. The bank reported $1.38 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.03. The business had revenue of $230.25 million during the quarter, compared to analysts’ expectations of $225.43 million. Texas Capital Bancshares had a net margin of 22.07% and a return on equity of 12.00%. During the same period in the prior year, the business earned $0.80 earnings per share. equities research analysts predict that Texas Capital Bancshares will post 6.21 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in TCBI. Carillon Tower Advisers Inc. purchased a new position in Texas Capital Bancshares during the fourth quarter worth about $42,292,000. Victory Capital Management Inc. boosted its stake in Texas Capital Bancshares by 118.9% during the fourth quarter. Victory Capital Management Inc. now owns 378,250 shares of the bank’s stock worth $33,626,000 after buying an additional 205,490 shares during the period. Lazard Asset Management LLC purchased a new position in Texas Capital Bancshares during the fourth quarter worth about $12,954,000. BlackRock Inc. boosted its stake in Texas Capital Bancshares by 2.4% during the first quarter. BlackRock Inc. now owns 5,433,137 shares of the bank’s stock worth $488,439,000 after buying an additional 124,992 shares during the period. Finally, Deutsche Bank AG boosted its stake in Texas Capital Bancshares by 137.4% during the fourth quarter. Deutsche Bank AG now owns 154,952 shares of the bank’s stock worth $13,772,000 after buying an additional 89,691 shares during the period.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.