ValuEngine upgraded shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) from a hold rating to a buy rating in a report released on Tuesday, August 1st.
A number of other equities analysts have also weighed in on the company. Hovde Group increased their target price on Texas Capital Bancshares from $85.00 to $86.00 and gave the stock a market perform rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Texas Capital Bancshares from a buy rating to a hold rating in a research note on Monday, July 31st. Stephens reissued a hold rating and set a $84.00 price target on shares of Texas Capital Bancshares in a research report on Thursday, July 20th. Jefferies Group LLC reissued a buy rating and set a $104.00 price target on shares of Texas Capital Bancshares in a research report on Friday, July 14th. Finally, BidaskClub downgraded Texas Capital Bancshares from a hold rating to a sell rating in a research report on Wednesday, July 12th. One 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 a consensus target price of $86.15.
Shares of Texas Capital Bancshares (NASDAQ TCBI) opened at 74.70 on Tuesday. Texas Capital Bancshares has a 12 month low of $48.01 and a 12 month high of $93.35. The firm’s 50-day moving average price is $78.15 and its 200-day moving average price is $80.23. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 20.73 and a beta of 1.67.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $201.73 million for the quarter, compared to analyst estimates of $197.10 million. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. During the same quarter in the prior year, the company earned $0.78 earnings per share. On average, equities analysts anticipate that Texas Capital Bancshares will post $4.01 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock Rating Upgraded by ValuEngine” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://stocknewstimes.com/2017/08/12/texas-capital-bancshares-inc-nasdaqtcbi-upgraded-by-valuengine-to-buy-updated.html.
In other Texas Capital Bancshares news, insider C Keith Cargill acquired 3,000 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $74.15 per share, with a total value of $222,450.00. Following the transaction, the insider now owns 80,286 shares in the company, valued at approximately $5,953,206.90. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Peter B. Bartholow sold 4,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the completion of the transaction, the chief financial officer now directly owns 37,671 shares of the company’s stock, valued at $2,807,242.92. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Texas Capital Bancshares by 19,441.6% in the first quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock worth $466,900,000 after buying an additional 5,566,317 shares during the last quarter. Vanguard Group Inc. increased its position in Texas Capital Bancshares by 2.5% in the second quarter. Vanguard Group Inc. now owns 4,053,255 shares of the bank’s stock worth $313,721,000 after buying an additional 98,473 shares during the period. State Street Corp increased its position in Texas Capital Bancshares by 48.4% in the first quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock worth $254,339,000 after buying an additional 994,585 shares during the period. American Century Companies Inc. increased its position in Texas Capital Bancshares by 37.2% in the second quarter. American Century Companies Inc. now owns 1,619,357 shares of the bank’s stock worth $125,338,000 after buying an additional 438,887 shares during the period. Finally, Alliancebernstein L.P. increased its position in Texas Capital Bancshares by 4.7% in the second quarter. Alliancebernstein L.P. now owns 1,369,988 shares of the bank’s stock worth $106,037,000 after buying an additional 61,357 shares during the period.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Texas Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
