Texas capital

Texas Capital Bancshares, Inc. to post second-quarter 2022 earnings of $0.74 per share, Wedbush forecast (NASDAQ:TCBI)


Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) – Wedbush analysts cut their Q2 2022 earnings per share estimates for Texas Capital Bancshares in a research report released Sunday, April 24. Wedbush analyst P. Winter now expects the bank to post earnings of $0.74 per share for the quarter, down from its previous forecast of $0.77. Wedbush also released estimates for Texas Capital Bancshares’ fiscal year 2022 earnings at $3.20 EPS and fiscal year 2023 earnings at $4.28 EPS.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released quarterly results on Wednesday, April 20. The bank reported 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. In the same quarter a year earlier, the company had earned earnings per share of $1.33. The company’s revenue was down 14.8% year over year.

Several other stock analysts have also recently commented on TCBI. TheStreet reduced shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. Bank of America restated a “neutral” rating and set a price target of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 report. Zacks Investment Research upgraded Texas Capital Bancshares shares from a “hold” rating to a “buy” rating and set a target price of $58.00 on the stock in a Wednesday, April 13 research note. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research report. Finally, Raymond James cut his price target on Texas Capital Bancshares stock from $75.00 to $70.00 and set an “outperform” rating on the stock in a Friday, January 21 report. One research analyst rated the stock with a sell rating, five assigned a hold rating and five assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.35.

Shares of Texas Capital Bancshares opened at $53.07 on Tuesday. The company’s fifty-day simple moving average is $60.21 and its 200-day simple moving average is $61.30. The company has a quick ratio of 1.11, a current ratio of 1.02 and a debt ratio of 0.33. Texas Capital Bancshares has a 12-month low of $51.07 and a 12-month high of $71.68. The stock has a market capitalization of $2.69 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.97 and a beta of 1.64.

A number of institutional investors have recently changed their holdings 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 acquiring 421 additional shares in the last quarter. Dark Forest Capital Management LP increased its stake in shares of Texas Capital Bancshares by 17.4% in 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. Public Employees Retirement System of Ohio increased its stake in Texas Capital Bancshares by 9.1% during the fourth quarter. The Ohio Public Employees Retirement System now owns 1,867 shares of the bank valued at $112,000 after acquiring 156 more shares last quarter. Exane Derivatives bought a new stock position in Texas Capital Bancshares in Q1 for $108,000. 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 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.

Texas Capital Bancshares Company Profile (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.

See also

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



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