Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Expected to Earn $1.21 Per Share in Q3 2022

Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) – Equity researchers DA Davidson cut their third-quarter 2022 earnings estimates for Texas Capital Bancshares shares in a research note released to investors Thursday, 8 september. DA Davidson analyst G. Tenner now expects the bank to post earnings per share of $1.21 for the quarter, down from its previous estimate of $1.28. Texas Capital Bancshares’ current annual earnings consensus estimate is $3.44 per share. DA Davidson also released earnings estimates for Texas Capital Bancshares for fiscal year 2022 at $3.84 EPS.

Several other research companies also commented on TCBI. Stephens raised his price target on Texas Capital Bancshares to $66.00 in a Friday, July 22 report. Truist Financial lowered its price target on Texas Capital Bancshares from $69.00 to $65.00 and set a “buy” rating for the company in a Wednesday, June 15 report. Raymond James upgraded 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, July 7 report. Wedbush raised its price target on Texas Capital Bancshares to $60.00 in a Monday July 25 research note. Finally, StockNews.com upgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Saturday, July 30 research note. Two analysts rated the stock with a sell rating, one gave a buy rating and one issued a strong buy rating for the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.33.

Texas Capital Banc Share Price Performance

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Shares of Texas Capital Bancshares opened at $60.15 on Friday. Texas Capital Bancshares has a 1-year low of $48.79 and a 1-year high of $71.60. The company has a debt ratio of 0.34, a quick ratio of 1.02 and a current ratio of 1.02. The company’s fifty-day moving average price is $58.47 and its 200-day moving average price is $57.05. The stock has a market capitalization of $3.00 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.18 and a beta of 1.50.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released its results on Thursday, July 21. The bank reported earnings per share of $0.59 for the quarter, missing the consensus estimate of $0.74 per ($0.15). Texas Capital Bancshares had a net margin of 18.42% and a return on equity of 6.48%. In the same quarter of the previous year, the company achieved EPS of $1.31.

Institutional Equity Trading Texas Capital Bancshares

A number of large investors have recently changed their positions in TCBI. First Trust Advisors LP increased its stake in shares of Texas Capital Bancshares by 12.5% ​​during the fourth quarter. First Trust Advisors LP now owns 68,323 shares of the bank valued at $4,116,000 after acquiring an additional 7,594 shares in the last quarter. Raymond James & Associates increased its stake in shares of Texas Capital Bancshares by 144.8% during the fourth quarter. Raymond James & Associates now owns 24,200 shares of the bank valued at $1,458,000 after acquiring 14,315 additional shares in the last quarter. Bank of America Corp DE increased its stake in shares of Texas Capital Bancshares by 2.9% during the fourth quarter. Bank of America Corp DE now owns 310,307 shares of the bank valued at $18,695,000 after acquiring 8,708 additional shares in the last quarter. WINTON GROUP Ltd increased its equity stake in Texas Capital Bancshares by 4.9% during the fourth quarter. WINTON GROUP Ltd now owns 24,089 shares in the bank valued at $1,451,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its equity stake in Texas Capital Bancshares by 20.5% during the fourth quarter. Teacher Retirement System of Texas now owns 9,806 shares of the bank valued at $591,000 after acquiring 1,668 additional shares in the last quarter. Institutional investors and hedge funds own 99.44% of the company’s shares.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 8,000 shares in a trade on Tuesday August 16th. The shares were purchased at an average price of $65.35 per share, with a total value of $522,800.00. Following the completion of the acquisition, the director now owns 146,000 shares of the company, valued at $9,541,100. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. In other news, Director Robert W. Stallings bought 8,000 shares in a trade on Tuesday August 16th. The shares were purchased at an average price of $65.35 per share, with a total value of $522,800.00. Following the completion of the acquisition, the director now owns 146,000 shares of the company, valued at $9,541,100. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, director Robert W. Stallings acquired 2,430 shares of the company in a transaction that took place on Monday, July 25. The shares were purchased at an average cost of $22.54 per share, for a total transaction of $54,772.20. Following the purchase, the director now owns 2,340 shares of the company, valued at $52,743.60. Disclosure of this purchase can be found here. Over the past 90 days, insiders have purchased 57,805 shares of the company valued at $3,230,924. Insiders hold 0.56% of the shares of the company.

About Texas Capital Bancshares

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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.

Further reading

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

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