Texas Capital Bancshares Inc (NASDAQ:TCBI) has received a consensus rating of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $61.54.

Several research analysts have recently weighed in on TCBI shares. Keefe, Bruyette & Woods raised shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $72.00 price objective for the company in a report on Wednesday, December 11th. Sandler O’Neill raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday, December 11th. Wedbush decreased their price objective on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, January 23rd. Royal Bank of Canada decreased their price objective on shares of Texas Capital Bancshares from $66.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. Finally, Zacks Investment Research raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating and set a $58.00 price objective for the company in a report on Monday, October 21st.

Shares of NASDAQ TCBI traded up $0.22 during midday trading on Friday, hitting $56.97. The stock had a trading volume of 492,115 shares. The business’s 50 day moving average is $55.57 and its 200-day moving average is $56.21. Texas Capital Bancshares has a 52 week low of $50.77 and a 52 week high of $66.61.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.13). The firm had revenue of $266.15 million for the quarter, compared to analysts’ expectations of $256.26 million. During the same period last year, the firm earned $1.38 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, analysts forecast that Texas Capital Bancshares will post 5.56 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC purchased a new stake in Texas Capital Bancshares during the fourth quarter valued at approximately $74,000. Aigen Investment Management LP purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter worth $75,000. Point72 Hong Kong Ltd purchased a new stake in shares of Texas Capital Bancshares in the fourth quarter worth $80,000. NumerixS Investment Technologies Inc increased its stake in shares of Texas Capital Bancshares by 250.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the bank’s stock worth $159,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Texas Capital Bancshares by 36.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,749 shares of the bank’s stock worth $213,000 after purchasing an additional 995 shares in the last quarter. 93.81% of the stock is owned by institutional investors and hedge funds.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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