Texas Capital Bancshares (NASDAQ:TCBI) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $93.74 and traded as high as $104.63. Texas Capital Bancshares shares last traded at $102.54, with a volume of 680,047 shares.

Key Texas Capital Bancshares News

Here are the key news stories impacting Texas Capital Bancshares this week:

• Positive Sentiment: Q1 earnings beat consensus: TCBI reported $1.58 EPS vs. $1.42 expected and revenue of $323.99M (vs. $318.1M consensus), showing strong quarter-over-quarter and year-over-year growth that underscores core profitability. Texas Capital (TCBI) Q1 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue drivers: management pointed to strong net interest income (NII), fee income, loans and deposit growth and diversified revenue streams as underpinning the quarter’s results and supporting medium-term growth. Texas Capital Q1 Earnings Beat on Strong NII & Fee Income, Cost Up Y/Y
• Positive Sentiment: Dividend initiated: the board declared a $0.20 per-share dividend payable June 15 (record date June 1), signaling confidence in capital and cash flow which can support investor sentiment over time. Texas Capital Bancshares Posts Strong Q1, Initiates Dividend
• Neutral Sentiment: Strategic leadership and investor materials: management announced senior HR and admin hires and posted the press release/slide deck and call — useful for longer-term execution but not an immediate catalyst. Texas Capital Announces Strategic Leadership Appointments to Support Next Phase of Growth
• Negative Sentiment: Rising expenses and credit costs: coverage highlights that operating costs and credit costs increased year-over-year, which compresses margins and raises investor concern about sustainability of the outperformance if costs continue to climb. Texas Capital Q1 Earnings Beat on Strong NII & Fee Income, Cost Up Y/Y

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TCBI shares. TD Cowen upped their target price on Texas Capital Bancshares from $103.00 to $110.00 and gave the company a “hold” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Hovde Group upped their target price on Texas Capital Bancshares from $93.00 to $102.00 and gave the company a “market perform” rating in a report on Tuesday, January 27th. Stephens upped their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, January 23rd. Finally, Piper Sandler upped their target price on Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Friday. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $101.42.

Texas Capital Bancshares Stock Down 4.3%

The business has a fifty day moving average of $97.61 and a 200 day moving average of $93.89. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 0.96 and a beta of 0.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.16. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The firm had revenue of $323.99 million for the quarter, compared to the consensus estimate of $318.10 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was up 15.5% on a year-over-year basis. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 7.78 earnings per share for the current year.

Texas Capital Bancshares Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, June 1st.

Insider Buying and Selling

In other news, Director Laura L. Whitley acquired 500 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The shares were purchased at an average price of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the acquisition, the director owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. This represents a 6.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Stallings acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was purchased at an average price of $22.69 per share, for a total transaction of $453,800.00. Following the acquisition, the director directly owned 169,587 shares of the company’s stock, valued at $3,847,929.03. The trade was a 13.37% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 47,000 shares of company stock worth $1,162,255. Insiders own 1.91% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds have recently added to or reduced their stakes in the company. Danske Bank A S bought a new stake in Texas Capital Bancshares during the third quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its position in Texas Capital Bancshares by 1,381.8% during the fourth quarter. Farther Finance Advisors LLC now owns 326 shares of the bank’s stock worth $30,000 after purchasing an additional 304 shares during the period. Advisory Services Network LLC bought a new stake in Texas Capital Bancshares during the third quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Texas Capital Bancshares by 169.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 391 shares of the bank’s stock worth $35,000 after purchasing an additional 246 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Texas Capital Bancshares during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.