Texas Capital Bancshares Inc (NASDAQ:TCBI) has been assigned a consensus recommendation of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $99.04.
Several analysts have commented on the company. Bank of America upped their price objective on Texas Capital Bancshares from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. UBS Group raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Barclays reaffirmed a “neutral” rating and set a $104.00 price objective (up from $90.00) on shares of Texas Capital Bancshares in a research note on Friday, January 26th. Jefferies Group reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. Finally, BidaskClub downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
Texas Capital Bancshares (NASDAQ:TCBI) traded up $0.70 on Tuesday, reaching $93.65. The company’s stock had a trading volume of 409,101 shares, compared to its average volume of 499,733. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. The stock has a market cap of $4,649.82, a P/E ratio of 22.95, a PEG ratio of 1.29 and a beta of 1.77. Texas Capital Bancshares has a 12-month low of $69.65 and a 12-month high of $102.90.
In other Texas Capital Bancshares news, CEO C Keith Cargill bought 2,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average cost of $90.60 per share, with a total value of $181,200.00. Following the purchase, the chief executive officer now owns 82,286 shares in the company, valued at approximately $7,455,111.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $101,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Texas Capital Bancshares in the 2nd quarter worth approximately $201,000. Rehmann Capital Advisory Group acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $201,000. Signature Financial Management Inc. acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $215,000. Finally, Castleark Management LLC acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter worth approximately $222,000.
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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.
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