Q2 2024 EPS Estimates for Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Lifted by Wedbush

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at Wedbush upped their Q2 2024 earnings estimates for shares of Texas Capital Bancshares in a research note issued to investors on Friday, April 19th. Wedbush analyst D. Chiaverini now expects that the bank will post earnings per share of $0.85 for the quarter, up from their prior estimate of $0.79. Wedbush has a “Neutral” rating and a $61.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.53 per share. Wedbush also issued estimates for Texas Capital Bancshares’ Q1 2025 earnings at $0.81 EPS, Q3 2025 earnings at $1.20 EPS and Q4 2025 earnings at $1.22 EPS.

Other research analysts have also issued reports about the company. Jefferies Financial Group reduced their price target on Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Royal Bank of Canada reduced their price objective on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 9th. Stephens lowered their target price on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday. Barclays assumed coverage on Texas Capital Bancshares in a research report on Friday, March 8th. They set an “underweight” rating and a $47.00 price target on the stock. Finally, UBS Group raised their price objective on Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a “sell” rating in a research report on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.58.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI opened at $59.20 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. The firm has a 50 day moving average of $58.88 and a 200 day moving average of $59.03. Texas Capital Bancshares has a 52 week low of $42.79 and a 52 week high of $66.18.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was bought at an average cost of $19.09 per share, for a total transaction of $95,450.00. Following the completion of the transaction, the director now directly owns 117,706 shares of the company’s stock, valued at approximately $2,247,007.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert W. Stallings bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were purchased at an average cost of $19.09 per share, with a total value of $95,450.00. Following the completion of the acquisition, the director now directly owns 117,706 shares in the company, valued at $2,247,007.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas E. Long purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $58.78 per share, with a total value of $117,560.00. Following the completion of the acquisition, the director now directly owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The disclosure for this purchase can be found here. Insiders have bought a total of 23,000 shares of company stock worth $518,100 over the last quarter. Insiders own 0.99% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares in the last quarter. Atwood & Palmer Inc. acquired a new position in Texas Capital Bancshares during the third quarter worth $47,000. Mather Group LLC. purchased a new position in Texas Capital Bancshares during the first quarter valued at $50,000. Headlands Technologies LLC lifted its holdings in Texas Capital Bancshares by 41.9% during the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after purchasing an additional 476 shares in the last quarter. Finally, Strs Ohio grew its position in shares of Texas Capital Bancshares by 133.3% in the third quarter. Strs Ohio now owns 2,100 shares of the bank’s stock valued at $123,000 after purchasing an additional 1,200 shares during the period. 96.88% of the stock is owned by hedge funds and other institutional investors.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.