Texas Capital Bancshares, Inc. (NASDAQ:TCBI) had its price objective boosted by analysts at Hovde Group from $85.00 to $86.00 in a research note issued to investors on Tuesday, August 1st, MarketBeat reports. The brokerage presently has a “market perform” rating on the bank’s stock. Hovde Group’s price objective suggests a potential upside of 18.46% from the stock’s current price.
TCBI has been the subject of a number of other reports. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Tuesday, July 11th. Barclays PLC restated an “equal weight” rating and set a $80.00 price objective (up previously from $75.00) on shares of Texas Capital Bancshares in a report on Wednesday, July 12th. Wedbush upgraded Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $79.00 to $86.00 in a report on Monday, May 8th. UBS AG upgraded Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating in a report on Thursday, April 6th. Finally, Stephens restated a “hold” rating on shares of Texas Capital Bancshares in a report on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Texas Capital Bancshares has an average rating of “Hold” and an average price target of $86.15.
Texas Capital Bancshares (NASDAQ TCBI) opened at 72.60 on Tuesday. The stock has a market capitalization of $3.60 billion, a P/E ratio of 20.15 and a beta of 1.67. The firm’s 50-day moving average is $78.06 and its 200 day moving average is $79.97. Texas Capital Bancshares has a 12-month low of $48.01 and a 12-month high of $93.35.
In other Texas Capital Bancshares news, CFO Peter B. Bartholow sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total transaction of $298,080.00. Following the completion of the sale, the chief financial officer now owns 37,671 shares of the company’s stock, valued at $2,807,242.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider C Keith Cargill bought 3,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $74.15 per share, with a total value of $222,450.00. Following the transaction, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The disclosure for this purchase can be found here. Corporate insiders own 0.47% of the company’s stock.
A number of large investors have recently made changes to their positions in TCBI. Exane Derivatives bought a new stake in shares of Texas Capital Bancshares during the second quarter worth about $125,000. Canada Pension Plan Investment Board boosted its stake in shares of Texas Capital Bancshares by 88.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock worth $142,000 after buying an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Texas Capital Bancshares by 46.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,770 shares of the bank’s stock worth $148,000 after buying an additional 563 shares during the last quarter. Hilton Capital Management LLC bought a new stake in shares of Texas Capital Bancshares during the second quarter worth about $201,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Texas Capital Bancshares during the second quarter worth about $201,000.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
What are top analysts saying about Texas Capital Bancshares Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Texas Capital Bancshares Inc. and related companies.