Are Analysts Bearish Texas Capital Bancshares, Inc. (NASDAQ:TCBI) After Last Week?

May 19, 2018 - By Darrin Black

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) LogoInvestors sentiment decreased to 1 in 2017 Q4. Its down 0.18, from 1.18 in 2017Q3. It turned negative, as 19 investors sold Texas Capital Bancshares, Inc. shares while 90 reduced holdings. 35 funds opened positions while 74 raised stakes. 49.59 million shares or 1.84% more from 48.69 million shares in 2017Q3 were reported.
Parametric Portfolio Assocs Llc holds 0.01% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) or 63,038 shares. Royal State Bank Of Canada has invested 0.03% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). Amp Capital Limited has invested 0.02% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). Raymond James Associate invested in 0.01% or 58,504 shares. Ny State Common Retirement Fund stated it has 254,264 shares or 0.03% of all its holdings. Copper Rock Capital Limited Liability holds 1.77% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 313,274 shares. 16 were accumulated by Delta Asset Management Ltd Liability Company Tn. Point72 Asia (Hong Kong) Limited holds 0% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 8 shares. Weaver C Barksdale And Incorporated invested in 55 shares or 0.01% of the stock. Credit Suisse Ag reported 0% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI). Winfield Associates Incorporated holds 0.01% of its portfolio in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) for 223 shares. Geode Capital Mngmt Lc owns 439,488 shares for 0.01% of their portfolio. Sei Invs Commerce owns 121,831 shares for 0.04% of their portfolio. Ubs Asset Mgmt Americas Incorporated owns 31,789 shares. Hanseatic Management Inc stated it has 0% in Texas Capital Bancshares, Inc. (NASDAQ:TCBI).

Since January 30, 2018, it had 2 insider buys, and 1 insider sale for $77,054 activity. CARGILL C KEITH bought $181,200 worth of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) on Tuesday, February 6. The insider Huntley David S. bought 21 shares worth $2,060.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Ratings Coverage

Among 15 analysts covering Texas Capital Bancshares (NASDAQ:TCBI), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Texas Capital Bancshares had 27 analyst reports since November 28, 2017 according to SRatingsIntel. Stephens maintained Texas Capital Bancshares, Inc. (NASDAQ:TCBI) on Thursday, April 19 with “Hold” rating. UBS initiated Texas Capital Bancshares, Inc. (NASDAQ:TCBI) rating on Wednesday, March 21. UBS has “Sell” rating and $8200 target. As per Thursday, December 7, the company rating was maintained by Jefferies. The stock has “Hold” rating by Stephens on Monday, March 5. Sandler O’Neill maintained it with “Hold” rating and $99.0 target in Thursday, January 25 report. SunTrust maintained the stock with “Buy” rating in Wednesday, April 18 report. As per Thursday, January 25, the company rating was maintained by Hovde Group. The firm earned “Buy” rating on Thursday, January 25 by Bank of America. The stock of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) earned “Buy” rating by SunTrust on Monday, January 8. The rating was upgraded by Raymond James on Thursday, January 25 to “Outperform”. Below is a list of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) latest ratings and price target changes.

04/05/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $106 New Target: $109 Maintain
23/04/2018 Broker: Hovde Group Rating: Hold New Target: $105.0000 Maintain
19/04/2018 Broker: Jefferies Rating: Buy New Target: $103.0000 Maintain
19/04/2018 Broker: RBC Capital Markets Rating: Buy New Target: $105.0000 Maintain
19/04/2018 Broker: Stephens Rating: Hold New Target: $105.0000 Maintain
18/04/2018 Broker: SunTrust Rating: Buy New Target: $100.0000 Maintain
18/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $105.0000 Maintain
19/04/2018 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
21/03/2018 Broker: UBS Rating: Sell New Target: $82.0000 Initiate
05/03/2018 Broker: Stephens Rating: Hold New Target: $104.0 Maintain

The stock decreased 1.44% or $1.45 during the last trading session, reaching $99.1. About 346,787 shares traded. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) has risen 9.68% since May 19, 2017 and is uptrending. It has underperformed by 1.87% the S&P500.

Texas Capital Bancshares, Inc. operates as the bank holding firm for Texas Capital Bank, National Association that provides various banking services and products for commercial businesses, and professionals and entrepreneurs. The company has market cap of $4.92 billion. It offers business deposit services and products, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit. It has a 26.57 P/E ratio. The firm also provides commercial loans for general corporate purposes comprising financing for working capital, internal growth, and acquisitions, as well as financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; mortgage correspondent aggregation; equipment leasing; and letters of credit.

Another recent and important Texas Capital Bancshares, Inc. (NASDAQ:TCBI) news was published by Nasdaq.com which published an article titled: “Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock” on April 25, 2018.

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Institutional Positions Chart

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