Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) – Equity researchers at Jefferies Financial Group cut their second-quarter 2022 earnings estimates for Texas Capital Bancshares in a report released Wednesday, April 27. Jefferies Financial Group analyst C. Haire now expects the bank to earn $0.77 per share for the quarter, down from his previous forecast of $0.81.
Other equity research analysts have also published research reports on the company. TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research report. Bank of America reissued a “neutral” rating and set a price target of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 report. StockNews.com upgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 report. Zacks Investment Research upgraded 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 report. Finally, Raymond James cut his price target on Texas Capital Bancshares from $75.00 to $70.00 and gave the stock an “outperform” rating in a Friday, January 21 research note. One analyst rated the stock with a sell rating, five issued a hold rating and five issued a buy rating for the company’s stock. According to MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $70.35.
NASDAQ: TCBI opened at $52.96 on Friday. Texas Capital Bancshares has a 1-year low of $51.07 and a 1-year high of $71.68. The company’s 50-day moving average price is $59.35 and its two-hundred-day moving average price is $61.13. The company has a current ratio of 1.02, a quick ratio of 1.11 and a debt ratio of 0.33. The company has a market capitalization of $2.69 billion, a price-earnings ratio of 13.41, a PEG ratio of 1.97 and a beta of 1.64.
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). The company posted revenue of $203.83 million for the quarter, versus a consensus estimate of $213.06 million. Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company’s revenue for the quarter was down 14.8% year over year. In the same quarter a year earlier, the company posted earnings per share of $1.33.
Hedge funds have recently been buying and selling stocks. O Shaughnessy Asset Management LLC increased its stake in Texas Capital Bancshares by 4,210.0% during 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 stake in Texas Capital Bancshares by 17.4% during the third quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank worth $84,000 after buying 207 additional shares in the last quarter. Exane Derivatives took a new stake in Texas Capital Bancshares during the 1st quarter for a value of approximately $108,000. The Public Employees Retirement System of Ohio increased its position in Texas Capital Bancshares by 9.1% in the fourth quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank worth $112,000 after buying 156 more shares in the last quarter. Finally, Profund Advisors LLC increased its stake in Texas Capital Bancshares by 5.2% during the fourth quarter. Profund Advisors LLC now owns 3,934 shares of the bank worth $237,000 after buying 196 additional shares in the last quarter. 94.32% of the shares are currently held by institutional investors and hedge funds.
In other news, Director Robert W. Stallings bought 8,000 shares of the company in a deal that took place on Monday, April 25. The shares were acquired at an average cost of $52.65 per share, with a total value of $421,200.00. Following the purchase, the administrator now owns 44,810 shares of the company, valued at $2,359,246.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the shares are held by insiders.
About Texas Capital Bancshares (Get an evaluation)
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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