Texas Capital Bancshares (TCBI) Given Hold Rating at Keefe, Bruyette & Woods
A number of other brokerages have also recently issued reports on TCBI. SunTrust Banks reaffirmed a buy rating and set a $90.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday, October 4th. Royal Bank of Canada reiterated a buy rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. Bank of America restated a buy rating and issued a $100.00 target price (up from $97.00) on shares of Texas Capital Bancshares in a research note on Thursday, October 19th. Zacks Investment Research upgraded Texas Capital Bancshares from a hold rating to a buy rating and set a $90.00 target price for the company in a research note on Tuesday, September 19th. Finally, ValuEngine lowered Texas Capital Bancshares from a buy rating to a hold rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Texas Capital Bancshares has a consensus rating of Hold and a consensus target price of $93.00.
Shares of Texas Capital Bancshares (TCBI) traded down $0.80 during midday trading on Friday, hitting $92.75. The company had a trading volume of 303,789 shares, compared to its average volume of 536,557. The company has a market cap of $4,642.56, a PE ratio of 24.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.66. Texas Capital Bancshares has a 1-year low of $69.65 and a 1-year high of $95.20. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 1.44.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The business had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. analysts predict that Texas Capital Bancshares will post 4.03 EPS for the current fiscal year.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $87.52, for a total value of $306,320.00. Following the sale, 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 accessible through this hyperlink. Corporate insiders own 0.47% of the company’s stock.
Several hedge funds have recently made changes to their positions in TCBI. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Texas Capital Bancshares during the third quarter worth $101,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Texas Capital Bancshares by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after purchasing an additional 248 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Texas Capital Bancshares during the second quarter worth $201,000. Rehmann Capital Advisory Group bought a new position in Texas Capital Bancshares in the third quarter valued at about $201,000. Finally, Hilton Capital Management LLC bought a new position in Texas Capital Bancshares in the second quarter valued at about $201,000.
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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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