Jefferies Group Reiterates Buy Rating for Texas Capital Bancshares (TCBI)

Texas Capital Bancshares (NASDAQ:TCBI)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a research note issued to investors on Thursday. They currently have a $103.00 target price on the bank’s stock. Jefferies Group’s price objective would suggest a potential upside of 6.46% from the company’s previous close.

Other equities analysts have also issued reports about the stock. SunTrust Banks cut their target price on shares of Texas Capital Bancshares to $100.00 in a report on Thursday. Bank of America lifted their target price on shares of Texas Capital Bancshares from $110.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a report on Tuesday, December 26th. Barclays lifted their price target on shares of Texas Capital Bancshares from $87.00 to $103.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $98.68.

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Shares of NASDAQ:TCBI traded up $6.90 during trading on Thursday, hitting $96.75. 1,566,451 shares of the stock traded hands, compared to its average volume of 498,418. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.28 and a quick ratio of 1.23. The firm has a market cap of $4,471.98, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.78. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $102.90.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, April 18th. The bank reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.03. The firm had revenue of $230.25 million during the quarter, compared to analyst estimates of $225.43 million. Texas Capital Bancshares had a net margin of 20.67% and a return on equity of 10.85%. During the same period in the previous year, the firm earned $0.80 EPS. sell-side analysts anticipate that Texas Capital Bancshares will post 6.11 earnings per share for the current fiscal year.

In related news, Director Ian J. Turpin sold 1,186 shares of Texas Capital Bancshares stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $89.55, for a total value of $106,206.30. Following the sale, the director now owns 9,491 shares of the company’s stock, valued at approximately $849,919.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Keith Cargill bought 2,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were acquired at an average cost of $90.60 per share, for a total transaction of $181,200.00. Following the purchase, the chief executive officer now owns 82,286 shares in the company, valued at $7,455,111.60. The disclosure for this purchase can be found here. 0.48% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TCBI. Wells Fargo & Company MN boosted its stake in Texas Capital Bancshares by 20.8% during the 3rd quarter. Wells Fargo & Company MN now owns 105,274 shares of the bank’s stock worth $9,032,000 after purchasing an additional 18,132 shares during the last quarter. California Public Employees Retirement System boosted its stake in Texas Capital Bancshares by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 91,820 shares of the bank’s stock worth $7,878,000 after purchasing an additional 5,120 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Texas Capital Bancshares by 5.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 364,356 shares of the bank’s stock worth $31,262,000 after purchasing an additional 17,778 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth $421,000. Finally, Copper Rock Capital Partners LLC acquired a new stake in Texas Capital Bancshares during the 4th quarter worth $28,414,000.

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About Texas Capital Bancshares

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.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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