Texas Capital Bancshares Gets a Hold from Barclays

By Austin Angelo

In a report released yesterday, Matthew Keating from Barclays maintained a Hold rating on Texas Capital Bancshares (NASDAQ: TCBI), with a price target of $75. The company’s shares opened today at $73.65.

According to TipRanks.com, Keating is a 3-star analyst with an average return of 3.3% and a 53.6% success rate. Keating covers the Financial sector, focusing on stocks such as First Interstate Bancsystem, Dime Community Bancshares, and People’s United Financial.

Currently, the analyst consensus on Texas Capital Bancshares is Hold and the average price target is $94.50, representing a 28.3% upside.

In a report released yesterday, Raymond James also downgraded the stock to Hold.

Based on Texas Capital Bancshares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $201 million and quarterly net profit of $42.54 million. In comparison, last year the company earned revenue of $171 million and had a net profit of $25.13 million.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is neutral on the stock. Most recently, in January 2016, Peter Bartholow, the CFO and COO of TCBI sold 4,388 shares for a total of $142,031.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Texas Capital Bancshares, Inc. operates as the holding company for Texas Capital Bank NA. It provides commercial banking services to its customers in Texas and concentrates on middle market commercial businesses and successful professionals and entrepreneurs. Its loan portfolio comprises commercial loans, real estate loans, construction loans, and letters of credit; business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts, and other treasury management services, including an on-line system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services. The company was founded by George F. Jones, Jr. and Joseph M. Grant in November 1996 and is headquartered in Dallas, TX.