2 days Ago By ABMN Staff
StockNews.com upgraded shares of Texas Capital Bancshares ( NASDAQ:TCBI – Free Report ) from a sell rating to a hold rating in a research report released on Wednesday. TCBI has been the topic of several other reports.
Bank of America upgraded Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price objective for the company from $51.00 to $77.00 in a research report on Monday, September 9th.
DA Davidson increased their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th.
JPMorgan Chase & Co. increased their target price on Texas Capital Bancshares from $72.00 to $80.
00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Barclays increased their target price on Texas Capital Bancshares from $49.00 to $60.
00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Finally, Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock.
According to data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $74.00. View Our Latest Analysis on TCBI Texas Capital Bancshares Price Performance Texas Capital Bancshares ( NASDAQ:TCBI – Get Free Report ) last posted its earnings results on Thursday, October 17th.
The bank reported $1.62 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.
65. The company had revenue of $304.91 million for the quarter, compared to analyst estimates of $279.
64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.
40%. Equities analysts predict that Texas Capital Bancshares will post 4.15 earnings per share for the current year.
Insider Activity In related news, Director Robert W. Stallings bought 20,000 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was acquired at an average price of $21.
28 per share, for a total transaction of $425,600.00. Following the completion of the purchase, the director now owns 84,587 shares in the company, valued at $1,800,011.
36. This represents a 0.00 % increase in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Insiders own 0.99% of the company’s stock.
Institutional Investors Weigh In On Texas Capital Bancshares A number of large investors have recently modified their holdings of TCBI. Innealta Capital LLC acquired a new stake in Texas Capital Bancshares during the 2nd quarter valued at approximately $26,000. Blue Trust Inc.
grew its stake in Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc.
now owns 357 shares of the bank’s stock valued at $26,000 after purchasing an additional 169 shares in the last quarter. CWM LLC grew its stake in Texas Capital Bancshares by 40.8% during the 2nd quarter.
CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after purchasing an additional 275 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Texas Capital Bancshares during the 3rd quarter valued at approximately $71,000.
Finally, Headlands Technologies LLC grew its stake in Texas Capital Bancshares by 80.4% during the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock valued at $179,000 after purchasing an additional 1,297 shares in the last quarter.
Institutional investors and hedge funds own 96.88% of the company’s stock. Texas Capital Bancshares Company Profile ( Get Free Report ) Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers.
The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services. Read More Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter .
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