Royal Bank Of Canada reiterated their buy rating on shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) in a research note issued to investors on Friday morning.

Several other analysts have also recently weighed in on the stock. BidaskClub raised shares of Texas Capital Bancshares from a sell rating to a hold rating in a research note on Wednesday, July 5th. Jefferies Group LLC reaffirmed a buy rating and set a $104.00 price objective on shares of Texas Capital Bancshares in a research report on Friday, July 14th. Barclays PLC reaffirmed an equal weight rating and set a $80.00 price objective (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Piper Jaffray Companies reaffirmed a hold rating and set a $86.00 price objective on shares of Texas Capital Bancshares in a research report on Friday, September 1st. Finally, ValuEngine raised shares of Texas Capital Bancshares from a hold rating to a buy rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $89.60.

Shares of Texas Capital Bancshares (NASDAQ TCBI) opened at 86.90 on Friday. Texas Capital Bancshares has a 1-year low of $56.25 and a 1-year high of $93.35. The stock’s 50 day moving average is $81.99 and its 200 day moving average is $78.16. The company has a market cap of $4.31 billion, a P/E ratio of 24.12 and a beta of 1.68.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 26.27% and a return on equity of 11.40%. The business had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $214.08 million. During the same quarter in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts predict that Texas Capital Bancshares will post $4.04 earnings per share for the current year.

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In other Texas Capital Bancshares news, insider C Keith Cargill purchased 3,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was bought at an average price 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 approximately $5,953,206.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Peter B. Bartholow sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. 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 TCBI. BlackRock Inc. boosted its position in Texas Capital Bancshares by 19,441.6% in the 1st quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock valued at $466,900,000 after buying an additional 5,566,317 shares during the period. State Street Corp boosted its position in Texas Capital Bancshares by 48.4% in the 1st quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock valued at $254,339,000 after buying an additional 994,585 shares during the period. Koch Industries Inc. purchased a new position in Texas Capital Bancshares in the 2nd quarter valued at approximately $661,000. Balyasny Asset Management LLC boosted its position in Texas Capital Bancshares by 474.5% in the 2nd quarter. Balyasny Asset Management LLC now owns 657,805 shares of the bank’s stock valued at $50,914,000 after buying an additional 543,299 shares during the period. Finally, Capital Research Global Investors boosted its position in Texas Capital Bancshares by 26.5% in the 2nd quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock valued at $164,699,000 after buying an additional 445,248 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.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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