Price Don’t Lie: Will Texas Capital Bancshares Inc Go Down Anytime Soon?

Price Don't Lie: Will Texas Capital Bancshares Inc Go Down Anytime Soon?

The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) is a huge mover today! About 207,336 shares traded hands. Texas Capital Bancshares Inc (NASDAQ:TCBI) has risen 54.96% since March 2, 2016 and is uptrending. It has outperformed by 46.70% the S&P500.
The move comes after 7 months positive chart setup for the $2.70B company. It was reported on Oct, 5 by Barchart.com. We have $89.08 PT which if reached, will make NASDAQ:TCBI worth $1.43 billion more.

Analysts await Texas Capital Bancshares Inc (NASDAQ:TCBI) to report earnings on October, 19. They expect $0.86 EPS, up 14.67% or $0.11 from last year’s $0.75 per share. TCBI’s profit will be $39.88 million for 16.92 P/E if the $0.86 EPS becomes a reality. After $0.78 actual EPS reported by Texas Capital Bancshares Inc for the previous quarter, Wall Street now forecasts 10.26% EPS growth.

Texas Capital Bancshares Inc (NASDAQ:TCBI) Ratings Coverage

Out of 15 analysts covering Texas Capital Bancshares Inc. (NASDAQ:TCBI), 6 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 40% are positive. Texas Capital Bancshares Inc. has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) has “Underperform” rating given on Friday, April 1 by Hovde Group. On Monday, May 9 the stock rating was upgraded by Raymond James to “Strong Buy”. Macquarie Research downgraded Texas Capital Bancshares Inc (NASDAQ:TCBI) on Thursday, January 21 to “Neutral” rating. The rating was downgraded by Drexel Hamilton to “Hold” on Friday, July 24. The stock has “Outperform” rating given by Raymond James on Thursday, July 21. As per Monday, August 17, the company rating was downgraded by Piper Jaffray. Bank of America downgraded the stock to “Neutral” rating in Wednesday, June 29 report. As per Thursday, August 20, the company rating was initiated by Sterne Agee CRT. Barclays Capital maintained Texas Capital Bancshares Inc (NASDAQ:TCBI) on Friday, October 9 with “Equal-Weight” rating. The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) has “Buy” rating given on Friday, July 1 by Compass Point.

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.”

Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.27, from 1.04 in 2016Q1. The ratio improved, 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.
Ranger L P has 300,667 shares for 0.87% of their US portfolio. Cornerstone Cap Mgmt Ltd Llc has invested 0% of its portfolio in Texas Capital Bancshares Inc (NASDAQ:TCBI). Eagle Asset Management accumulated 52,868 shares or 0.02% of the stock. Raymond James Financial has 16,686 shares for 0.01% of their US portfolio. Moreover, Guggenheim Limited Liability Co has 0% invested in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 31,324 shares. Wasatch holds 1.16M shares or 0.83% of its portfolio. The Massachusetts-based Geode Management Llc has invested 0.01% in Texas Capital Bancshares Inc (NASDAQ:TCBI). International Grp Inc owns 34,329 shares or 0% of their US portfolio. Moreover, King Luther Management Corp has 0.04% invested in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 90,159 shares. Td Asset Mgmt holds 0% or 19,120 shares in its portfolio. Moreover, State Board Of Administration Of Florida Retirement has 0% invested in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 25,879 shares. Invest Counselors Of Maryland Ltd holds 0.53% or 207,777 shares in its portfolio. Barclays Public Limited Company has 0% invested in the company for 44,440 shares. Salient Cap Advisors Lc accumulated 0.01% or 10,100 shares. Profund Ltd Liability Company has 10,837 shares for 0.02% of their US portfolio.

Insider Transactions: Since April 22, 2016, the stock had 0 insider buys, and 2 insider sales for $175,653 net activity. Browning James H also sold $131,375 worth of Texas Capital Bancshares Inc (NASDAQ:TCBI) on Thursday, September 1. ROSENBERG STEVE sold $44,278 worth of stock.

More notable recent Texas Capital Bancshares Inc (NASDAQ:TCBI) news were published by: Nasdaq.com which released: “Texas Capital Bank Taps Senior Bankers to Expand SBA Capabilities” on October 03, 2016, also Nasdaq.com with their article: “Texas Capital Bancshares Reaches Analyst Target Price” published on October 03, 2016, Finance.Yahoo.com published: “Texas Capital Bancshares, Inc. Announces Date for Q3 2016 Results” on September 20, 2016. More interesting news about Texas Capital Bancshares Inc (NASDAQ:TCBI) were released by: Globenewswire.com and their article: “Texas Capital Bank’s Wealth Strategist Named Chair of Prestigious American Bar …” published on June 23, 2016 as well as Seekingalpha.com‘s news article titled: “Texas Capital Bancshares’ (TCBI) CEO Keith Cargill on Q1 2016 Results …” with publication date: April 21, 2016.

TCBI Company Profile

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.

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