Jefferies Group LLC restated their buy rating on shares of Texas Capital Bancshares Inc (NASDAQ:TCBI) in a report published on Tuesday. The brokerage currently has a $102.00 price objective on the bank’s stock.

A number of other equities analysts have also weighed in on TCBI. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a buy rating to a hold rating in a research note on Monday, January 16th. DA Davidson downgraded shares of Texas Capital Bancshares from a buy rating to a neutral rating and set a $78.00 target price on the stock. in a research note on Wednesday, November 30th. They noted that the move was a valuation call. Bank of America Corp raised shares of Texas Capital Bancshares from a neutral rating to a buy rating and lifted their target price for the stock from $74.00 to $90.00 in a research note on Thursday, December 15th. JMP Securities assumed coverage on shares of Texas Capital Bancshares in a research note on Thursday, February 2nd. They set an outperform rating and a $98.00 target price on the stock. Finally, Wedbush lifted 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 note on Wednesday, November 30th. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $77.00.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at 74.65 on Tuesday. The stock has a market capitalization of $3.70 billion, a P/E ratio of 24.00 and a beta of 1.41. The stock has a 50 day moving average price of $82.76 and a 200 day moving average price of $76.17. Texas Capital Bancshares has a 52 week low of $40.90 and a 52 week high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, April 19th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.08. Texas Capital Bancshares had a net margin of 19.98% and a return on equity of 9.94%. The company earned $180.47 million during the quarter, compared to analyst estimates of $192.60 million. During the same quarter last year, the business earned $0.49 EPS. On average, equities research analysts expect that Texas Capital Bancshares will post $3.85 EPS for the current year.

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In related news, insider C Keith Cargill bought 5,000 shares of the stock in a transaction dated Friday, April 21st. The stock was acquired at an average price of $73.57 per share, for a total transaction of $367,850.00. Following the acquisition, the insider now owns 77,286 shares in the company, valued at approximately $5,685,931.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.08% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors boosted its position in shares of Texas Capital Bancshares by 8.0% in the third quarter. BlackRock Fund Advisors now owns 3,256,928 shares of the bank’s stock valued at $178,870,000 after buying an additional 241,599 shares during the last quarter. State Street Corp boosted its position in shares of Texas Capital Bancshares by 14.1% in the fourth quarter. State Street Corp now owns 2,053,225 shares of the bank’s stock valued at $160,972,000 after buying an additional 254,059 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Texas Capital Bancshares by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,541,618 shares of the bank’s stock valued at $120,864,000 after buying an additional 74,051 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Texas Capital Bancshares by 3.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,195,056 shares of the bank’s stock valued at $65,632,000 after buying an additional 37,611 shares during the last quarter. Finally, Channing Capital Management LLC boosted its position in shares of Texas Capital Bancshares by 5.2% in the third quarter. Channing Capital Management LLC now owns 952,602 shares of the bank’s stock valued at $52,317,000 after buying an additional 47,098 shares during the last quarter. Institutional investors and hedge funds own 95.46% of the company’s stock.

About Texas Capital Bancshares

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 loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.

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