Texas capital

Analysts Expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI) to Post EPS of $0.74


Stock analysts expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) to post earnings per share (EPS) of $0.74 for the current fiscal quarter, reports Zacks Investment Research. Seven analysts provided earnings estimates for Texas Capital Bancshares. The lowest EPS estimate is $0.63 and the highest is $0.87. Texas Capital Bancshares reported earnings per share of $1.31 in the same quarter last year, suggesting a negative 43.5% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Monday, January 1.

On average, analysts expect Texas Capital Bancshares to report annual earnings of $3.20 per share for the current year, with EPS estimates ranging from $2.80 to $3.66. For next year, analysts expect the company to post earnings of $4.44 per share, with EPS estimates ranging from $3.65 to $5.90. Zacks Investment Research’s earnings per share averages are an average average based on a survey of research firms that track Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released quarterly earnings data on Wednesday, April 20. The bank reported earnings per share (EPS) of $0.69 for the quarter, missing analyst consensus estimates of $0.73 per ($0.04). Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company posted revenue of $203.83 million for the quarter, versus a consensus estimate of $213.06 million. During the same period of the previous year, the company achieved EPS of $1.33. The company’s revenue was down 14.8% year over year.

A number of equity research analysts have recently released reports on the stock. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research report. TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research report. Raymond James cut his price target on shares of Texas Capital Bancshares from $75.00 to $70.00 and set an “outperform” rating for the company in a Friday, January 21 research report. Bank of America restated a “neutral” rating and set a target price of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 research note. Finally, Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a target price of $58.00 on the stock in a Wednesday, April 13 research note. . One research analyst rated the stock with a sell rating, four issued a hold rating and five issued a buy rating for the company’s stock. According to MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and an average price target of $70.69.

Shares of TCBI traded down $0.65 during Friday’s midday session, hitting $53.96. 890,920 shares of the company were traded, compared to its average volume of 609,664. Texas Capital Bancshares has a 12-month low of $51.07 and a 12-month high of $71.68. The company has a 50-day moving average price of $58.00 and a two-hundred-day moving average price of $60.83. The company has a debt ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $2.74 billion, a PE ratio of 13.66, a growth price-earnings ratio of 2.13 and a beta of 1.60.

Separately, director Larry L. Helm purchased 5,700 shares of the company in a transaction on Monday, May 2. The shares were acquired at an average price of $52.25 per share, for a total transaction of $297,825.00. Following the purchase, the director now directly owns 77,858 shares of the company, valued at $4,068,080.50. The purchase was disclosed in a filing with the SEC, accessible via this link. Additionally, director Robert W. Stallings purchased 3,000 shares of the company in a trade on Thursday, April 28. The stock was purchased at an average price of $52.00 per share, for a total transaction of $156,000.00. Following the purchase, the director now owns 68,652 shares of the company, valued at $3,569,904. Disclosure of this purchase can be found here. During the last quarter, insiders acquired 16,700 shares of the company worth $875,025. Company insiders own 0.56% of the company’s shares.

Hedge funds have recently changed their positions in the business. O Shaughnessy Asset Management LLC increased its stake in Texas Capital Bancshares by 4,210.0% in Q3. O Shaughnessy Asset Management LLC now owns 431 shares of the bank worth $26,000 after buying 421 additional shares in the last quarter. Dark Forest Capital Management LP increased its position in shares of Texas Capital Bancshares by 17.4% during the third quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank valued at $84,000 after buying 207 additional shares last quarter. The Public Employees Retirement System of Ohio increased its position in shares of Texas Capital Bancshares by 9.1% during the 4th quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank valued at $112,000 after buying 156 more shares last quarter. Exane Derivatives acquired in Q1 a new equity stake in Texas Capital Bancshares valued at approximately $108,000. Finally, Carl Stuart Investment Advisor Inc. purchased a new equity stake in Texas Capital Bancshares during Q1 for approximately $115,000. Institutional investors and hedge funds own 97.77% of the company’s shares.

Texas Capital Bancshares Company Profile (Get a rating)

Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.

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Earnings history and estimates for Texas Capital Bancshares (NASDAQ:TCBI)



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