Texas capital

Texas Capital Bancshares (TCBI) set to report earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) will release its quarterly results before market open on Thursday, July 21. Analysts expect Texas Capital Bancshares to post earnings of $0.74 per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last released its quarterly results on Wednesday, April 20. The bank reported EPS of $0.69 for the quarter, missing analyst consensus estimates 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 in the quarter, versus analyst estimates of $213.06 million. In the same quarter last year, the company earned earnings per share of $1.33. Texas Capital Bancshares’ quarterly revenue was down 14.8% year-over-year. 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.

Shares of NASDAQ TCBI opened at $53.63 on Thursday. Texas Capital Bancshares has a 1-year low of $48.79 and a 1-year high of $71.60. The company has a market capitalization of $2.72 billion, a PE ratio of 13.58, a P/E/G ratio of 2.02 and a beta of 1.54. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 0.33. The company has a 50-day moving average of $53.18 and a two-hundred-day moving average of $58.54.

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In other news, Director Robert W. Stallings acquired 8,000 shares of the company in a transaction on Monday, April 25. The shares were purchased at an average cost of $52.65 per share, with a total value of $421,200.00. Following the acquisition, the director now directly owns 44,810 shares of the company, valued at $2,359,246.50. The transaction was disclosed in a document filed with the SEC, which is available via this link. Additionally, Ragusa director Elysia Holt purchased 2,000 shares of the company in a transaction that took place on Thursday, June 2. The stock was purchased at an average price of $55.91 per share, for a total transaction of $111,820.00. Following the completion of the acquisition, the administrator now directly owns 14,164 shares of the company, valued at approximately $791,909.24. Disclosure of this purchase can be found here. In the past 90 days, insiders have acquired 20,700 shares of the company valued at $1,087,345. Insiders of the company own 0.56% of the shares of the company.

A number of institutional investors have recently changed their positions in TCBI. Point72 Hong Kong Ltd increased its position in shares of Texas Capital Bancshares by 80.3% during the first quarter. Point72 Hong Kong Ltd now owns 3,895 shares of the bank valued at $223,000 after buying an additional 1,735 shares during the period. Raymond James Financial Services Advisors Inc. bought a new stock position in Texas Capital Bancshares during the first quarter worth approximately $261,000. Beacon Pointe Advisors LLC bought a new position in Texas Capital Bancshares in the first quarter worth $263,000. Captrust Financial Advisors increased its stake in Texas Capital Bancshares by 11.8% in the first quarter. Captrust Financial Advisors now owns 7,912 shares of the bank worth $453,000 after buying 834 additional shares in the last quarter. Finally, Guggenheim Capital LLC increased its stake in Texas Capital Bancshares by 26.9% in the first quarter. Guggenheim Capital LLC now owns 9,193 shares of the bank worth $527,000 after buying 1,947 additional shares last quarter. Institutional investors and hedge funds own 97.77% of the company’s shares.

A number of equity research analysts have weighed in on TCBI shares recently. Jefferies Financial Group raised its price target on shares of Texas Capital Bancshares from $51.00 to $52.00 in a research note on Monday. Raymond James upgraded shares of 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 . TheStreet reduced shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 report. Truist Financial cut its price target on Texas Capital Bancshares stock from $69.00 to $65.00 and set a “buy” rating for the company in a Wednesday, June 15 report. Finally, StockNews.com moved shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 report. One equity research analyst gave the stock a sell rating, four gave the stock a hold rating, three gave the stock a buy rating and one gave the stock a strong buy rating. society. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $66.97.

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.

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Earnings History for Texas Capital Bancshares (NASDAQ:TCBI)

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