November 30, 2016 - By Ellis Scott
Texas Capital (NASDAQ:TCBI) had its stock rating noted as “Neutral” by analysts at Wedbush. Wedbush currently has a $70 target price per share on the $3.20B market cap company or -1.82% downside potential. This was released in a research report on Wednesday, 30 November.
Out of 16 analysts covering Texas Capital Bancshares Inc. (NASDAQ:TCBI), 4 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 25% are positive. $67 is the highest target while $38 is the lowest. The $53.15 average target is -25.46% below today’s ($71.3) stock price. Texas Capital Bancshares Inc. has been the topic of 34 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Hovde Group upgraded Texas Capital Bancshares Inc (NASDAQ:TCBI) on Wednesday, May 11 to “Market Perform” rating. Deutsche Bank downgraded the shares of TCBI in a report on Friday, November 11 to “Hold” rating. Bank of America downgraded the stock to “Neutral” rating in Wednesday, June 29 report. The firm has “Neutral” rating given on Thursday, January 21 by Macquarie Research. Compass Point downgraded Texas Capital Bancshares Inc (NASDAQ:TCBI) on Friday, November 18 to “Neutral” rating. The rating was maintained by Piper Jaffray with “Neutral” on Monday, December 28. The company was downgraded on Thursday, July 21 by Raymond James. The rating was initiated by Wedbush with “Neutral” on Friday, October 7. Raymond James upgraded the stock to “Strong Buy” rating in Thursday, November 3 report. The firm has “Strong Buy” rating given on Monday, May 9 by Raymond James.
The stock closed at $71.3 during the last session. It is down 53.70% since April 27, 2016 and is uptrending. It has outperformed by 48.47% the S&P500.
Analysts await Texas Capital Bancshares Inc (NASDAQ:TCBI) to report earnings on January, 18. They expect $0.90 earnings per share, up 28.57% or $0.20 from last year’s $0.7 per share. TCBI’s profit will be $40.39M for 19.81 P/E if the $0.90 EPS becomes a reality. After $0.87 actual earnings per share reported by Texas Capital Bancshares Inc for the previous quarter, Wall Street now forecasts 3.45% EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.25 in 2016 Q2. Its down 0.06, from 1.31 in 2016Q1. The ratio dropped, as 14 funds sold all Texas Capital Bancshares Inc shares owned while 60 reduced positions. 31 funds bought stakes while 66 increased positions. They now own 46.34 million shares or 3.84% more from 44.63 million shares in 2016Q1.
Texas Cap Bancorp Tx accumulated 20,000 shares or 2.12% of the stock. Wasatch Advsrs has 0.83% invested in the company for 1.16M shares. Gemmer Asset Mngmt Ltd Liability holds 0% of its portfolio in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 87 shares. The Massachusetts-based Loomis Sayles Com Limited Partnership has invested 0.03% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Rhumbline Advisers holds 79,623 shares or 0.01% of its portfolio. The Massachusetts-based Massachusetts Financial Ma has invested 0.02% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Basswood Cap Management Limited Liability, a New York-based fund reported 217,381 shares. Voya Invest Mngmt Ltd Liability Corp owns 18,857 shares or 0% of their US portfolio. Panagora Asset Management Inc, a Massachusetts-based fund reported 110,185 shares. Driehaus Mgmt holds 0.01% of its portfolio in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 5,218 shares. Strs Ohio accumulated 0% or 4,000 shares. Penn Capital Mngmt Company holds 332,964 shares or 0.89% of its portfolio. Geode Capital Ltd Company owns 327,244 shares or 0.01% of their US portfolio. Da Davidson And holds 0% of its portfolio in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 1,828 shares. D E Shaw & Com last reported 61,837 shares in the company.
Insider Transactions: Since September 1, 2016, the stock had 0 insider purchases, and 2 selling transactions for $204,929 net activity. Browning James H sold $131,375 worth of stock or 2,500 shares. ROSENBERG STEVE sold $73,554 worth of stock.
Texas Capital Bancshares, Inc. is a bank holding and a financial holding company. The company has a market cap of $3.20 billion. The Firm is the parent of Texas Capital Bank, National Association . It has a 25.14 P/E ratio. It offers a range of loans, deposit accounts and other financial services and products.
According to Zacks Investment Research, “Texas Capital Bancshares’ primary subsidiary is Texas Capital Bank, a commercial bank that delivers highly personalized financial services to Texas-based businesses and private client individuals. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston, Plano, and San Antonio.”
Texas Capital Bancshares, Inc., incorporated on November 20, 1996, is a bank holding and a financial holding company. The Firm is the parent of Texas Capital Bank, National Association (the Bank). The Firm offers a range of loans, deposit accounts and other financial services and products. The Firm 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. The Firm provides a range of banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest bearing and non-interest bearing checking accounts with optional features, such as Visa debit/ automatic teller machine (ATM) cards and overdraft protection; traditional money market and savings accounts; loans, both secured and unsecured, and Internet banking. The Bank offers over 10 banking centers, courier services and online banking. BankDirect, the Internet division of its bank, serves its clients round the clock through Internet banking. The Company’s wealth management and trust services include investment management, personal trust and estate services, custodial services, retirement accounts and related services. It also offers retirement products, such as individual retirement accounts and administrative services for retirement vehicles, such as pension and profit sharing plans.
More recent Texas Capital Bancshares Inc (NASDAQ:TCBI) news were published by: Nasdaq.com which released: “Texas Capital Bancshares, Inc. Prices Common Stock Offering” on November 29, 2016. Also Reuters.com published the news titled: “BRIEF-Texas Capital Bancshares Inc announces common stock offering” on November 28, 2016. Nasdaq.com‘s news article titled: “Texas Capital Bancshares Reaches Analyst Target Price” with publication date: November 10, 2016 was also an interesting one.
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By Ellis Scott