Texas capital

Texas Capital Bancshares (TCBI) is set to report earnings on Wednesday


Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) is expected to report results after market close on Wednesday, April 20. Analysts expect the company to report earnings of $0.75 per share for the quarter. Investors wishing to register for the company’s conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released its quarterly results on Thursday, January 20. The bank reported earnings per share (EPS) of $1.19 for the quarter, beating Thomson Reuters consensus estimate of $0.91 by $0.28. The company posted revenue of $225.49 million for the quarter, versus a consensus estimate of $215.31 million. Texas Capital Bancshares had a return on equity of 9.00% and a net margin of 25.02%. During the same period last year, the company posted earnings per share of $1.14. On average, analysts expect Texas Capital Bancshares to post EPS of $3 for the current fiscal year and EPS of $5 for the next fiscal year.

NASDAQ:TCBI shares opened at $55.63 on Monday. The company has a market capitalization of $2.82 billion, a P/E ratio of 12.12, a P/E/G ratio of 2.03 and a beta of 1.64. The stock’s 50-day moving average is $61.82 and its 200-day moving average is $61.59. Texas Capital Bancshares has a 52-week low of $53.22 and a 52-week high of $71.68. The company has a debt ratio of 1.08, a quick ratio of 1.11 and a current ratio of 1.11.

Institutional investors and hedge funds have recently changed their positions in the company. Thrivent Financial for Lutherans increased its stake in Texas Capital Bancshares by 8.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 408,548 shares of the bank worth $24,615,000 after purchasing an additional 33,180 shares during the period. Sei Investments Co. increased its stake in Texas Capital Bancshares by 57.3% during the fourth quarter. Sei Investments Co. now owns 163,700 shares of the bank worth $9,873,000 after purchasing an additional 59,659 shares during the period. Barclays PLC increased its stake in Texas Capital Bancshares by 37.9% during the fourth quarter. Barclays PLC now owns 159,220 shares in the bank worth $9,593,000 after buying an additional 43,786 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Texas Capital Bancshares by 6.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 123,671 shares of the bank valued at $7,451,000 after acquiring 7,877 additional shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Texas Capital Bancshares by 7.7% in the fourth quarter. Legal & General Group Plc now owns 81,435 shares in the bank valued at $4,907,000 after acquiring an additional 5,841 shares in the last quarter. Hedge funds and other institutional investors hold 94.32% of the company’s shares.

Several equity research analysts have recently released reports on TCBI shares. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a Wednesday, April 13 research report. Raymond James cut his target price on Texas Capital Bancshares from $75.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, January 21. StockNews.com downgraded Texas Capital Bancshares’ rating from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Bank of America reissued a “neutral” rating and set a target price of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 research report. One financial analyst has assigned the stock a sell rating, five have assigned a hold rating and five have assigned the stock a buy rating. Based on MarketBeat data, Texas Capital Bancshares currently has an average rating of “Hold” and an average price target of $70.35.

About Texas Capital Bancshares (Get a rating)

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 for Texas Capital Bancshares (NASDAQ:TCBI)



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