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.
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