Texas Capital Bancshares Gets a Hold from Stephens

By Jason Carr

Stephens analyst Matt Olney reiterated a Hold rating on Texas Capital Bancshares (NASDAQ: TCBI) today. The company’s shares closed yesterday at $78.75.

According to TipRanks.com, Olney is a 4-star analyst with an average return of 23.1% and a 66.7% success rate. Olney covers the Financial sector, focusing on stocks such as Independent Bank Group, LegacyTexas Financial, and Commerce Bancshares.

Currently, the analyst consensus on Texas Capital Bancshares is Moderate Buy and the average price target is $94.50, representing a 20.0% upside.

In a report released today, KBW also reiterated a Hold rating on the stock with a $85 price target.

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 26 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.