Stocks of Texas Capital Bancshares Inc. (NASDAQ:TCBI) traded higher last session on Wall Street, down -4.51% to $61.83.
According to the data, Texas Capital Bancshares Inc. (NASDAQ:TCBI) has 13 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $80.00 and a low of $49.00, we find $65.00. Given the previous closing price of $64.75, this indicates a potential upside of 0.39 percent. TCBI stock price is now -3.39% away from the 50-day moving average and 3.90% away from the 200-day moving average. The market capitalization of the company currently stands at $2.93B.
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A total of 6 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $66.77 as their price target over the next twelve months.
On September 08, 2022, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock reducing its target price from $57 to quote $55, while ‘Raymond James’ rates the stock as ‘Strong Buy’.
In other news, STALLINGS ROBERT W, Director bought 10,000 shares of the company’s stock on Feb 21. The stock was bought for $211,800 at an average price of $21.18. Upon completion of the transaction, the Director now directly owns 45,000 shares in the company, valued at $2.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Director STALLINGS ROBERT W bought 5,000 shares of the business’s stock. A total of $108,350 was incurred on buying the stock at an average price of $21.67. This leaves the insider owning 35,000 shares of the company worth $2.16 million. Insiders disposed of 9,404 shares of company stock worth roughly $0.58 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TCBI stock. A new stake in Texas Capital Bancshares Inc. shares was purchased by BRIDGEWAY CAPITAL MANAGEMENT, LLC during the first quarter worth $4,180,000. ARROWMARK COLORADO HOLDINGS LLC invested $3,215,000 in shares of TCBI during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in Texas Capital Bancshares Inc. valued at approximately $2,044,000. TECTONIC ADVISORS LLC acquired a new stake in TCBI for approximately $790,000. MAGNETAR FINANCIAL LLC purchased a new stake in TCBI valued at around $629,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $64.10 for Texas Capital Bancshares Inc. (NASDAQ: TCBI). During the past 12 months, Texas Capital Bancshares Inc. has had a low of $48.79 and a high of $69.26. The fifty day moving average price for TCBI is $64.00 and a two-hundred day moving average price translates $59.51 for the stock.
The latest earnings results from Texas Capital Bancshares Inc. (NASDAQ: TCBI) was released for Dec, 2022. According to the Banks – Regional Company, earnings per share came in at $0.39, missing analysts’ expectations of $0.94 by -0.55. This compares to $1.20 EPS in the same period last year. The net profit margin was 27.50% and return on equity was 11.60% for TCBI. The company reported revenue of $371.29 million for the quarter, compared to $219.89 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 68.85 percent. For the current quarter, analysts expect TCBI to generate $266.82M in revenue.
Texas Capital Bancshares Inc.(TCBI) Company Profile
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, and wealth management services. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as information, wire transfer initiation, ACH initiation, account transfer, and service integration services; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial loans for general corporate purposes comprising financing working capital, internal growth, acquisitions, and business insurance premiums, as well as consumer loans; loans to exploration and production companies; mortgage finance loans; commercial real estate and residential homebuilder finance loans; first and second lien loans for the purpose of purchasing or constructing 1-4 family residential dwellings, as well as home equity revolving lines of credit and loans to purchase lots for future construction of 1-4 family residential dwellings; and real estate loans originated through a small business administration program, as well as equipment finance and leasing services, and letters of credit. In addition, it offers online and mobile banking, and debit and credit card services; escrow services; personal wealth management and trust services; and depositors American Airlines AAdvantage miles. Texas Capital Bancshares, Inc. was incorporated in 1996 and is headquartered in Dallas, Texas.
