Wall Street brokers expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) to post sales of $220.23 million for the current quarter, according to Zacks Investment Research. Seven analysts have made earnings estimates for Texas Capital Bancshares, with the highest sales estimate of $227.70 million and the lowest estimate of $215.50 million. Texas Capital Bancshares reported sales of $227.10 million in the same quarter last year, suggesting a negative 3% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Texas Capital Bancshares to report annual sales of $912.47 million for the current year, with estimates ranging from $884.10 million to $931.90 million. . For next year, analysts expect the company to post sales of $1.09 billion, with estimates ranging from $1.02 billion to $1.21 billion. Zacks Investment Research’s sell calculations are an average average based on a survey of sell-side research firms that cover Texas Capital Bancshares.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported results on Wednesday, April 20. The bank reported earnings per share of $0.69 for the quarter, missing analyst consensus estimates of $0.73 per ($0.04). Texas Capital Bancshares had a return on equity of 7.80% and a net margin of 22.71%. The company posted revenue of $203.83 million in the quarter, compared to analyst estimates of $213.06 million. In the same quarter of the previous year, the company achieved EPS of $1.33. The company’s revenue was down 14.8% year over year.
Several research companies have commented on TCBI. TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research note. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a Wednesday, April 13 research note. . Finally, StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research note. One research analyst rated the stock with a sell rating, four issued a hold rating and four issued a buy rating for the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $68.30.
Shares of TCBI traded down $1.27 on Tuesday, hitting $55.01. The company’s shares had a trading volume of 5,392 shares, compared to an average volume of 455,847. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt ratio of 0, 33. Texas Capital Bancshares has a 12-month low of $50.09 and a 12-month high of $71.60. The stock has a market capitalization of $2.79 billion, a PE ratio of 14.25, a PEG ratio of 2.16 and a beta of 1.59. The company has a fifty-day moving average of $54.76 and a 200-day moving average of $59.73.
In other Texas Capital Bancshares news, Director Larry L. Helm acquired 5,700 shares of the company in a transaction that took place on Monday, May 2. The stock was purchased at an average cost of $52.25 per share, with a total value of $297,825.00. Following the acquisition, the administrator now owns 77,858 shares of the company, valued at $4,068,080.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, director Robert W. Stallings acquired 8,000 shares of the company in a transaction that took place on Monday, April 25. The shares were acquired at an average cost of $52.65 per share, with a total value of $421,200.00. Following the completion of the acquisition, the administrator now owns 44,810 shares of the company, valued at approximately $2,359,246.50. Disclosure of this purchase can be found here. Insiders have purchased a total of 18,700 shares of the company valued at $975,525 over the past three months. Insiders hold 0.56% of the shares of the company.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the stock. State Street Corp increased its stake in Texas Capital Bancshares by 5.1% in the first quarter. State Street Corp now owns 3,268,391 shares of the bank worth $187,311,000 after purchasing an additional 158,815 shares during the period. Dimensional Fund Advisors LP increased its holdings of Texas Capital Bancshares by 2.8% in Q1. Dimensional Fund Advisors LP now owns 2,582,769 shares of the bank valued at $148,023,000 after purchasing an additional 70,042 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in Texas Capital Bancshares by 3.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 1,724,106 shares of the bank valued at $103,877,000 after purchasing an additional 56,069 shares during the period. JPMorgan Chase & Co. increased its holdings in Texas Capital Bancshares by 1,374.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,518,217 shares of the bank valued at $91,473,000 after purchasing an additional 1,415,279 shares during the period. Finally, Morgan Stanley increased its stake in Texas Capital Bancshares by 1.3% in the third quarter. Morgan Stanley now owns 1,464,697 shares of the bank valued at $87,912,000 after purchasing an additional 19,384 shares during the period. 97.77% of the shares are held by institutional investors.
Texas Capital Bancshares Company Profile (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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