Citigroup Upgrades Texas Capital Bancshares to Hold
Citigroup lifted its rating on Texas Capital Bancshares to hold, setting a $105 price target, a 1.76% upside from the current price.
Key Points
- On June 30, Citigroup upgraded Texas Capital Bancshares $TCBI to a hold rating with a $105 price target.
- Citigroup's $105 price target implies 1.76% upside from Texas Capital Bancshares, Inc.'s ($TCBI) current $103.18 share price.
- Shares of NasdaqGS:TCBI traded near $102.01 on Tuesday, with a market cap of about $4.52 billion.
- Recent insider activity includes CEO Rob Holmes selling 49,500 shares on June 8 at $101.22 each.
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Citigroup has upgraded its rating on Texas Capital Bancshares, Inc. (NasdaqGS:TCBI) to hold, setting a new price target of $105. The change was announced on June 30, 2026, by analyst Benjamin Gerlinger. This move comes as Texas Capital's stock traded near $102.01 on Tuesday.
Citigroup vs. the S&P 500
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Other Institutional Activity in Texas Capital Bancshares
Several other funds have also been active with Texas Capital Bancshares. BlackRock, Inc. reduced its holdings by 123,518 shares, now holding 5,451,997 shares valued at approximately $517.3 million, a 2.2% decrease. Meanwhile, T. Rowe Price Investment Management, Inc. increased its stake slightly by 17,253 shares, bringing its total to 3,394,133 shares worth about $322 million. Dimensional Fund Advisors LP made a modest addition of 3,687 shares, owning 2,859,336 shares valued at $271.3 million. AQR Capital Management LLC grew its position by 210,434 shares, a 9.4% increase, totaling 2,445,112 shares worth $231.1 million. Vanguard Portfolio Management LLC opened a new position with 2,132,001 shares valued at $202.3 million.
Texas Capital Bancshares, Inc. Stock Up 4.6%
Shares of Texas Capital Bancshares traded near $102.01 on Tuesday. The company has a market cap of about $4.52 billion and a P/E ratio of 13.9. Its beta is 0.68, reflecting lower volatility compared to the market. The stock's 52-week range is between $75.41 and $108.92, with 50-day and 200-day moving averages at $100.32 and $94.37, respectively.
$TCBI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Texas Capital Bancshares reported revenue of approximately $1.25 billion, with a growth rate of 16.9%. The company's net margin stands at 28.7%, and it achieved a return on equity of 10.1%. Its earnings per share (EPS) is $7.43. The next earnings report is expected on July 16, 2026.
Dividend
Texas Capital Bancshares offers a dividend with an annual rate of $0.80 per share, yielding 0.77%. The dividend payout ratio is currently at zero.
Insider Buying and Selling at Texas Capital Bancshares, Inc.
Recent insider transactions include CEO Rob Holmes selling 49,500 shares on June 8 at an average price of $101.22. Chief Legal Officer Anna Alvarado also sold 3,500 shares on June 9 at $100.95. On the buying side, CFO John Matthew Scurlock purchased 44 shares on June 15 at $101.29.
Analysts Set New Price Targets
On June 30, Citigroup upgraded Texas Capital Bancshares to a hold rating with a $105 price target. This follows a series of ratings by other firms, such as RBC Capital maintaining a hold with a $114 target on April 24. The consensus among analysts is a hold, with an average target price of $107.69 based on 13 opinions.
About Texas Capital Bancshares
Texas Capital Bancshares, Inc. is a financial services company headquartered in Dallas, Texas. It operates Texas Capital Bank, offering a range of services including commercial and consumer banking, investment banking, and wealth management. The firm provides tailored solutions for businesses, entrepreneurs, and individuals, with operations mainly across Texas and also in California and New York. Led by CEO Robert C. Holmes, the company employs approximately 1,785 people.
Bottom Line
Citigroup's upgrade to a hold rating for Texas Capital Bancshares with a $105 target reflects its current market standing. Investors often watch these analyst ratings as they provide insights into potential stock movements. However, it's important to note that these ratings are based on past data and may not indicate future performance.
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