Texas capital

Fiscal 2022 EPS estimates for Texas Capital Bancshares, Inc. (NASDAQ:TCBI) raised by DA Davidson

Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) – Research analysts DA Davidson have raised their fiscal year 2022 EPS estimates for Texas Capital Bancshares shares in a research report released to clients and investors on Thursday, June 30. DA Davidson analyst G. Tenner now expects the bank to earn $4.03 per share for the year, up from its previous estimate of $3.60. Texas Capital Bancshares’ current annual earnings consensus estimate is $3.30 per share. DA Davidson also released earnings estimates for Texas Capital Bancshares for fiscal year 2023 at $5.50 EPS. 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 the consensus estimate 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 in the quarter, compared to $213.06 million expected by analysts. During the same period last year, the company earned earnings per share of $1.33. Texas Capital Bancshares’ quarterly revenue was down 14.8% year-over-year.

A number of other equity research analysts have also recently commented on the stock. StockNews.com moved 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 note. Finally, Truist Financial cut its price target on Texas Capital Bancshares stock from $69.00 to $65.00 and set a “buy” rating on the stock in a Wednesday, June 15 research note. One financial analyst gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $69.47.

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NASDAQ: TCBI opened at $53.40 on Monday. Texas Capital Bancshares has a 52-week low of $48.79 and a 52-week high of $71.60. The company has a 50-day moving average of $53.09 and a 200-day moving average of $58.79. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt ratio of 0.33. The stock has a market capitalization of $2.71 billion, a price/earnings ratio of 13.52, a PEG ratio of 2.05 and a beta of 1.54.

In other news, Ragusa manager Elysia Holt bought 2,000 shares in a trade that took place on Thursday, June 2. The shares were purchased at an average cost of $55.91 per share, with a total value of $111,820.00. Following the completion of the acquisition, the director now owns 14,164 shares of the company, valued at approximately $791,909.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, director Larry L. Helm purchased 5,700 shares in a trade that took place on Monday, May 2. The shares were purchased at an average cost of $52.25 per share, for a total transaction of $297,825.00. Following the completion of the acquisition, the director now directly owns 77,858 shares of the company, valued at approximately $4,068,080.50. Disclosure of this purchase can be found here. Insiders have purchased 20,700 shares of the company worth $1,087,345 over the past three months. 0.56% of the shares are currently held by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of TCBI. Quent Capital LLC increased its holdings in Texas Capital Bancshares by 157.5% during the first quarter. Quent Capital LLC now owns 837 shares of the bank valued at $48,000 after buying an additional 512 shares last quarter. Exane Derivatives bought a new position in Texas Capital Bancshares during the first quarter worth $108,000. Carl Stuart Investment Advisor Inc. bought a new position in Texas Capital Bancshares during the first quarter worth $115,000. Oppenheimer Asset Management Inc. bought a new position in Texas Capital Bancshares during the first quarter worth $210,000. Finally, Point72 Hong Kong Ltd increased its stake in Texas Capital Bancshares by 80.3% during the first quarter. Point72 Hong Kong Ltd now owns 3,895 shares in the bank valued at $223,000 after buying an additional 1,735 shares last quarter. 97.77% of the shares are currently held by institutional investors and hedge funds.

About Texas Capital Bancshares (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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