Brokerages Set Price Target for Texas Capital Bancshares, Inc. at $74.00

As of November 4th, 2024, Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has received a consensus rating of "Hold" from a total of sixteen brokerages currently following the stock, according to reports on MarketBeat.com. Among these analysts, four have assigned a sell rating, eight have given a hold rating, and four have issued a buy rating for the company. The average price target over the next year, set by these brokerages, is $74.00.

Several analysts have recently provided insights on TCBI shares. For instance, Raymond James recently raised its rating for Texas Capital Bancshares from “market perform” to “outperform” and set a new target price of $78.00 in a report published on September 17. Meanwhile, Piper Sandler adjusted its recommendation by downgrading Texas Capital Bancshares from an “overweight” to a “neutral” rating, while raising its target price from $77.00 to $82.00 on October 18. On the same day, Barclays increased its target price from $49.00 to $60.00 while issuing an “underweight” rating. Additionally, DA Davidson uplifted its price objective for the stock from $73.00 to $81.00, maintaining a “neutral” rating on October 25. Hovde Group also adjusted its price target upward from $73.00 to $79.00 with a “market perform” rating, coinciding with its findings on October 18.

Current Trading Overview of Texas Capital Bancshares

On Friday, NASDAQ TCBI opened at $76.80. The company has a market capitalization of approximately $3.55 billion. It boasts a price-to-earnings ratio of 426.67 and a PEG ratio of 0.73, with a beta of 1.12. The 50-day moving average price of the stock is noted to be $72.20, while the two-hundred-day moving average stands at $64.86. Texas Capital Bancshares has sustained a debt-to-equity ratio of 0.22, as well as both a quick and current ratio of 1.01. Over the past year, the stock has fluctuated between a low of $53.16 and a high of $82.25.

Insider Transactions

In terms of insider activity, Director Robert W. Stallings purchased 20,000 shares of Texas Capital Bancshares on October 22 at an average price of $21.28 per share, amounting to a total of $425,600. As a result of this transaction, the director now owns approximately 84,587 shares valued at around $1,800,011.36. This purchase did not significantly change their overall ownership percentage, and details about the transaction were filed with the SEC, making it publicly accessible.

Institutional Investor Movements

Several institutional investors and hedge funds have changed their stakes in Texas Capital Bancshares lately. For example, Innealta Capital LLC took a new position valued at $26,000 during the second quarter. Blue Trust Inc. increased its holdings by 89.9% in the third quarter, now owning 357 shares worth $26,000 after acquiring an additional 169 shares. Fidelis Capital Partners LLC also established a new stake worth $54,000 in the first quarter. CWM LLC raised its holdings by 40.8% in the second quarter, bringing its total to 949 shares worth $58,000. Likewise, Headlands Technologies LLC enlarged its stake by 80.4% in the first quarter, owning 2,910 shares valued at $179,000. Notably, institutional and hedge fund investors collectively own 96.88% of the stock.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc. is the bank holding company for Texas Capital Bank, which provides a comprehensive range of financial services tailored to businesses, entrepreneurs, and individuals. Their service offerings include commercial and consumer banking, investment banking solutions—including capital markets, mergers and acquisitions, and syndicated finance—as well as financial sponsor coverage and wealth management services tailored for investment management, financial planning, and related services.

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