Wedbush upgraded shares of Texas Capital Bancshares (NASDAQ:TCBI) from a neutral rating to an outperform rating in a research note issued to investors on Thursday morning, MarketBeat.com reports. The brokerage currently has $87.00 price objective on the bank’s stock, down from their prior price objective of $108.00. Wedbush also issued estimates for Texas Capital Bancshares’ Q2 2018 earnings at $1.42 EPS and FY2019 earnings at $6.76 EPS.
A number of other brokerages have also recently commented on TCBI. SunTrust Banks reaffirmed a buy rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a report on Wednesday, November 29th. Deutsche Bank increased their price target on shares of Texas Capital Bancshares from $93.00 to $95.00 and gave the stock a hold rating in a report on Wednesday, November 8th. BidaskClub raised shares of Texas Capital Bancshares from a sell rating to a hold rating in a report on Wednesday. Barclays set a $87.00 price target on shares of Texas Capital Bancshares and gave the stock a hold rating in a report on Friday, October 20th. Finally, Zacks Investment Research raised shares of Texas Capital Bancshares from a hold rating to a buy rating and set a $90.00 price target for the company in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $93.00.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at $92.75 on Thursday. Texas Capital Bancshares has a 1-year low of $69.65 and a 1-year high of $95.20. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44. The company has a market cap of $4,642.56, a PE ratio of 24.09, a PEG ratio of 1.93 and a beta of 1.66.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the transaction, the chief operating officer now directly owns 34,171 shares in the company, valued at $2,990,645.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.47% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in TCBI. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $101,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Texas Capital Bancshares by 14.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after purchasing an additional 248 shares during the last quarter. Hilton Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares in the second quarter valued at approximately $201,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Texas Capital Bancshares in the second quarter valued at approximately $201,000. Finally, Rehmann Capital Advisory Group acquired a new stake in shares of Texas Capital Bancshares in the third quarter valued at approximately $201,000.
About Texas Capital Bancshares
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.
Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.