Texas capital

Equity analysts offer forecast for Texas Capital Bancshares, Inc. earnings in the second quarter of 2022 (NASDAQ:TCBI)


Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) – Equity researchers DA Davidson released their Q2 2022 earnings estimates for Texas Capital Bancshares in a research report delivered to clients and investors on Friday, April 22 . DA Davidson analyst G. Tenner expects the bank to earn $0.87 per share for the quarter.

Other research analysts have also published research reports on the stock. Bank of America reissued a “neutral” rating and released a price target of $69.00 on shares of Texas Capital Bancshares in a research note on Tuesday, January 18. Raymond James cut his price target on Texas Capital Bancshares stock from $75.00 to $70.00 and set an “outperform” rating for the company in a Friday, Jan. 21 research note. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a price target of $58.00 for the company in a Wednesday, April 13 research note. . TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research note on Thursday. Finally, StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. One financial analyst has assigned the stock a sell rating, five have assigned a hold rating and five have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $70.35.

NASDAQ TCBI opened at $53.58 on Monday. The company has a 50-day simple moving average of $60.54 and a 200-day simple moving average of $61.38. The company has a debt ratio of 0.33, a quick ratio of 1.11 and a current ratio of 1.02. Texas Capital Bancshares has a one-year low of $53.22 and a one-year high of $71.68. The company has a market capitalization of $2.72 billion, a price-earnings ratio of 13.56, a PEG ratio of 1.97 and a beta of 1.64.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported results on Wednesday, April 20. The bank reported earnings per share of $0.69 for the quarter, missing Thomson Reuters’ consensus estimate of $0.73 per ($0.04). Texas Capital Bancshares had a return on equity of 7.80% and a net margin of 22.71%. The company posted revenue of $203.83 million for the quarter, compared to $213.06 million expected by analysts. During the same period last year, the company achieved EPS of $1.33. The company’s quarterly revenue decreased 14.8% from the same quarter last year.

A number of hedge funds have recently increased or reduced their stakes in TCBI. O Shaughnessy Asset Management LLC increased its stake in Texas Capital Bancshares by 4,210.0% during the third quarter. 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 holdings of Texas Capital Bancshares shares by 17.4% in Q3. Dark Forest Capital Management LP now owns 1,394 shares of the bank valued at $84,000 after acquiring 207 additional shares during the period. Exane Derivatives acquired in the 1st quarter a new position in shares of Texas Capital Bancshares valued at $108,000. The Public Employees Retirement System of Ohio increased its holdings of Texas Capital Bancshares shares by 9.1% in the fourth quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank valued at $112,000 after acquiring 156 additional shares during the period. Finally, Profund Advisors LLC increased its stake in shares of Texas Capital Bancshares by 5.2% in the 4th quarter. Profund Advisors LLC now owns 3,934 shares of the bank valued at $237,000 after acquiring 196 additional shares during the period. 94.32% of the shares are currently held by institutional investors.

Texas Capital Bancshares Company Profile (Get an assessment)

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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