Fintel reports that on October 20, 2023, RBC Capital maintained coverage of Texas Capital Bancshares (NASDAQ:TCBI) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 20.20% Upside
As of October 5, 2023, the average one-year price target for Texas Capital Bancshares is 67.47. The forecasts range from a low of 49.49 to a high of $79.80. The average price target represents an increase of 20.20% from its latest reported closing price of 56.13.
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The projected annual revenue for Texas Capital Bancshares is 1,151MM, a decrease of 9.22%. The projected annual non-GAAP EPS is 4.34.
What is the Fund Sentiment?
There are 593 funds or institutions reporting positions in Texas Capital Bancshares. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to TCBI is 0.28%, a decrease of 0.53%. Total shares owned by institutions decreased in the last three months by 0.09% to 55,690K shares. 
The put/call ratio of TCBI is 1.78, indicating a bearish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 3,109K shares representing 6.48% ownership of the company. In it's prior filing, the firm reported owning 3,123K shares, representing a decrease of 0.46%. The firm decreased its portfolio allocation in TCBI by 0.52% over the last quarter.
Alliancebernstein holds 2,391K shares representing 4.98% ownership of the company. In it's prior filing, the firm reported owning 2,439K shares, representing a decrease of 2.03%. The firm decreased its portfolio allocation in TCBI by 1.74% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,504K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 1,483K shares, representing an increase of 1.38%. The firm decreased its portfolio allocation in TCBI by 1.59% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,452K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 1,488K shares, representing a decrease of 2.46%. The firm decreased its portfolio allocation in TCBI by 1.66% over the last quarter.
Barrow Hanley Mewhinney & Strauss holds 1,381K shares representing 2.88% ownership of the company. In it's prior filing, the firm reported owning 1,500K shares, representing a decrease of 8.58%. The firm increased its portfolio allocation in TCBI by 8.55% over the last quarter.
Texas Capital Bancshares Background Information
(This description is provided by the company.)
Texas Capital Bancshares, Inc., a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston and San Antonio. Member FDIC.
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