Texas Capital Bancshares, Inc. Forecasted to Earn FY2024 Earnings of $3.74 Per Share (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at DA Davidson raised their FY2024 earnings per share estimates for Texas Capital Bancshares in a report issued on Tuesday, April 23rd. DA Davidson analyst P. Winter now expects that the bank will post earnings of $3.74 per share for the year, up from their prior estimate of $3.69. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.49 per share.

A number of other brokerages have also commented on TCBI. Mizuho restated a “hold” rating and issued a $66.00 price target (down from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Jefferies Financial Group cut their price target on Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a report on Monday, April 8th. Citigroup cut their price target on Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods cut their price target on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. Four investment 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. According to data from MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and an average target price of $63.58.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $57.81 on Thursday. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 2.15 and a beta of 1.19. The stock’s 50-day moving average is $58.94 and its 200-day moving average is $59.05. Texas Capital Bancshares has a one year low of $42.79 and a one year high of $66.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00.

Hedge Funds Weigh In On Texas Capital Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC grew 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 purchasing an additional 546 shares during the last quarter. Atwood & Palmer Inc. acquired a new position in shares of Texas Capital Bancshares in the third quarter valued at approximately $47,000. Mather Group LLC. acquired a new position in shares of Texas Capital Bancshares in the first quarter valued at approximately $50,000. Headlands Technologies LLC grew its position in shares of Texas Capital Bancshares by 41.9% in 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 during 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 last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,000 shares of the stock in a transaction on Wednesday, January 31st. The shares were purchased at an average price of $19.93 per share, with a total value of $79,720.00. Following the completion of the transaction, the director now directly owns 131,706 shares in the company, valued at $2,624,900.58. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 4,000 shares of the stock in a transaction on Wednesday, January 31st. The shares were purchased at an average price of $19.93 per share, with a total value of $79,720.00. Following the completion of the transaction, the director now directly owns 131,706 shares in the company, valued at $2,624,900.58. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings purchased 6,000 shares of the stock in a transaction on Monday, February 5th. The shares were acquired at an average cost of $18.64 per share, for a total transaction of $111,840.00. Following the transaction, the director now owns 146,706 shares of the company’s stock, valued at $2,734,599.84. The disclosure for this purchase can be found here. Insiders have acquired a total of 18,000 shares of company stock valued at $422,650 over the last 90 days. 0.99% of the stock is currently owned by insiders.

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.