Texas Capital Bancshares (NASDAQ:TCBI) Shares Down 4.4% – Time to Sell?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI)’s share price traded down 4.4% on Thursday . The company traded as low as $77.34 and last traded at $77.03. 476,901 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 475,097 shares. The stock had previously closed at $80.56.

Analysts Set New Price Targets

TCBI has been the subject of a number of analyst reports. Royal Bank of Canada increased their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Piper Sandler cut Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Barclays increased their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. cut their price objective on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, StockNews.com lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Thursday. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.27.

Texas Capital Bancshares Trading Up 0.6 %

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $3.58 billion, a PE ratio of 430.28, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. The stock’s 50 day moving average is $81.75 and its two-hundred day moving average is $74.35.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. As a group, sell-side analysts predict that Texas Capital Bancshares, Inc. will post 4.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaMark Advisors LLC increased its holdings in shares of Texas Capital Bancshares by 2.6% in the third quarter. AlphaMark Advisors LLC now owns 5,396 shares of the bank’s stock valued at $386,000 after purchasing an additional 139 shares during the period. Blue Trust Inc. increased 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 worth $26,000 after buying an additional 169 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Texas Capital Bancshares by 3.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,366 shares of the bank’s stock worth $383,000 after purchasing an additional 180 shares during the last quarter. Coldstream Capital Management Inc. grew its stake in Texas Capital Bancshares by 5.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,309 shares of the bank’s stock valued at $309,000 after acquiring an additional 217 shares in the last quarter. Finally, Tectonic Advisors LLC grew its position in shares of Texas Capital Bancshares by 1.1% in the third quarter. Tectonic Advisors LLC now owns 22,818 shares of the bank’s stock valued at $1,631,000 after purchasing an additional 244 shares in the last quarter. 96.88% of the stock is currently owned by hedge funds and other institutional investors.

About Texas Capital Bancshares

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.