Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) – Equity research analysts at Jefferies Financial Group have raised their second-quarter 2022 earnings estimates for shares of Texas Capital Bancshares in a research report published in customers and investors on Monday, July 11. Jefferies Financial Group analyst C. Haire now expects the bank to earn $0.82 per share for the quarter, up from his previous forecast of $0.77. Texas Capital Bancshares’ current annual earnings consensus estimate is $3.37 per share. Jefferies Financial Group also released Texas Capital Bancshares Q3 2022 earnings estimates at $1.25 EPS, Q4 2022 earnings at $1.14 EPS, FY2022 earnings at $3.90 EPS , Q1 2023 earnings at $1.01 EPS, Q2 2023 earnings at $0.90 EPS, Q3 2023 earnings at $0.88 EPS, Q4 2023 earnings at $0.90 EPS and earnings of fiscal year 2023 at $3.70 EPS.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported 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 for the quarter, compared to $213.06 million expected by analysts. During the same period a year earlier, the company posted EPS of $1.33. The company’s revenue was down 14.8% year over year.
Several other analysts have also recently published reports on TCBI. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” to a “sell” rating in a Thursday, April 14 research note. Truist Financial lowered its price target on shares of Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating for the company in a Wednesday, June 15 research note. Raymond James upgraded shares of Texas Capital Bancshares from an ‘outperform’ rating to a ‘strong buy’ rating and set a price target of $70.00 for the company in a Thursday research note July 7. Finally, TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research note. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating, three gave the stock a buy rating and one gave the stock a strong buy rating. society. According to data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $66.97.
Shares of NASDAQ TCBI opened at $53.63 on Thursday. Texas Capital Bancshares has a 12-month low of $48.79 and a 12-month high of $71.60. The stock has a market capitalization of $2.72 billion, a PE ratio of 13.58, a P/E/G ratio of 2.02 and a beta of 1.54. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 0.33. The company has a 50-day moving average of $53.18 and a 200-day moving average of $58.54.
A number of institutional investors have recently increased or reduced their stake in the company. Profund Advisors LLC increased its holdings of Texas Capital Bancshares shares by 5.2% in the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank valued at $237,000 after buying 196 additional shares in the last quarter. State of Michigan Retirement System increased its holdings of Texas Capital Bancshares shares by 1.6% in the fourth quarter. State of Michigan Retirement System now owns 12,861 shares of the bank valued at $775,000 after buying 200 more shares last quarter. WINTON GROUP Ltd increased its stake in shares of Texas Capital Bancshares by 1.0% in the 1st quarter. WINTON GROUP Ltd now owns 24,323 shares in the bank valued at $1,394,000 after buying an additional 234 shares last quarter. Louisiana State Employees Retirement System increased its stake in shares of Texas Capital Bancshares by 2.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,300 shares of the bank valued at $761,000 after buying 300 more shares last quarter. Finally, LBJ Family Wealth Advisors Ltd. increased its stake in shares of Texas Capital Bancshares by 1.5% in the 1st quarter. LBJ Family Wealth Advisors Ltd. now owns 21,516 shares of the bank valued at $1,169,000 after buying 312 more shares last quarter. Institutional investors hold 97.77% of the company’s shares.
Separately, director Robert W. Stallings acquired 3,000 shares in a transaction that took place on Thursday, April 28. The shares were purchased at an average price of $52.00 per share, with a total value of $156,000.00. Following the transaction, the director now owns 68,652 shares of the company, valued at approximately $3,569,904. The acquisition was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Robert W. Stallings purchased 8,000 shares of Texas Capital Bancshares in a transaction on Monday, April 25. The shares were acquired at an average price of $52.65 per share, for a total transaction of $421,200.00. Following the completion of the acquisition, the administrator now owns 44,810 shares of the company, valued at $2,359,246.50. Disclosure of this purchase can be found here. Insiders purchased a total of 20,700 shares of the company worth $1,087,345 over the past ninety days. 0.56% of the shares are currently held by company insiders.
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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