Texas Capital Bancshares Inc (NASDAQ:TCBI)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a research report issued on Tuesday. They currently have a $102.00 price target on the stock. Jefferies Group LLC’s target price suggests a potential upside of 20.78% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Wedbush upped their target price on shares of Texas Capital Bancshares from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 30th. Bank of America Corp raised shares of Texas Capital Bancshares from a “neutral” rating to a “buy” rating and increased their price objective for the company from $74.00 to $90.00 in a research report on Thursday, December 15th. DA Davidson downgraded shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research report on Wednesday, November 30th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, January 11th. Finally, Raymond James Financial, Inc. reissued an “outperform” rating and set a $98.00 price objective (up from $95.00) on shares of Texas Capital Bancshares in a research report on Thursday, March 16th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Texas Capital Bancshares currently has an average rating of “Hold” and a consensus price target of $68.82.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at 84.45 on Tuesday. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 27.15 and a beta of 1.41. The firm has a 50-day moving average of $86.97 and a 200 day moving average of $71.37. Texas Capital Bancshares has a 12 month low of $34.54 and a 12 month high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, January 25th. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.07. Texas Capital Bancshares had a net margin of 19.98% and a return on equity of 9.94%. During the same period in the prior year, the firm posted $0.70 EPS. On average, analysts expect that Texas Capital Bancshares will post $4.05 earnings per share for the current year.

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A number of institutional investors have recently bought and sold shares of TCBI. Aperio Group LLC boosted its position in Texas Capital Bancshares by 0.5% in the third quarter. Aperio Group LLC now owns 9,027 shares of the company’s stock valued at $496,000 after buying an additional 44 shares in the last quarter. Channing Capital Management LLC boosted its position in Texas Capital Bancshares by 5.2% in the third quarter. Channing Capital Management LLC now owns 952,602 shares of the company’s stock valued at $52,317,000 after buying an additional 47,098 shares in the last quarter. Wells Fargo & Company MN boosted its position in Texas Capital Bancshares by 31.2% in the third quarter. Wells Fargo & Company MN now owns 65,537 shares of the company’s stock valued at $3,600,000 after buying an additional 15,566 shares in the last quarter. Rothschild Asset Management Inc. bought a new position in Texas Capital Bancshares during the third quarter valued at about $14,251,000. Finally, Strs Ohio boosted its position in Texas Capital Bancshares by 5.0% in the third quarter. Strs Ohio now owns 4,200 shares of the company’s stock valued at $230,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.

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