Texas Capital Bancshares (NASDAQ:TCBI) Releases Earnings Results, Beats Expectations By $0.30 EPS

Texas Capital Bancshares (NASDAQ:TCBI) posted its earnings results on Thursday. The bank reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.30, FiscalAI reports. Texas Capital Bancshares had a return on equity of 9.51% and a net margin of 15.14%.The company had revenue of $327.48 million for the quarter, compared to analysts’ expectations of $324.09 million. During the same period last year, the firm earned $1.43 earnings per share.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $102.28 on Thursday. The company’s fifty day moving average price is $92.80 and its 200-day moving average price is $87.76. The stock has a market cap of $4.67 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.69 and a beta of 0.67. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.19. Texas Capital Bancshares has a 12 month low of $59.37 and a 12 month high of $102.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TCBI shares. Weiss Ratings upgraded Texas Capital Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 31st. Hovde Group raised their price target on Texas Capital Bancshares from $85.00 to $93.00 and gave the stock a “market perform” rating in a research note on Thursday, October 23rd. Piper Sandler lifted their price target on shares of Texas Capital Bancshares from $84.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 23rd. Zacks Research lowered shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.09.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 10,000 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average cost of $20.61 per share, with a total value of $206,100.00. Following the transaction, the director directly owned 265,913 shares in the company, valued at approximately $5,480,466.93. The trade was a 3.91% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Texas Capital Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Danske Bank A S purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $25,000. Advisory Services Network LLC bought a new stake in Texas Capital Bancshares in the third quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Texas Capital Bancshares by 793.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the bank’s stock worth $45,000 after acquiring an additional 476 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Texas Capital Bancshares by 452.6% in the second quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock worth $59,000 after acquiring an additional 611 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Texas Capital Bancshares during the third quarter valued at $65,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.

About Texas Capital Bancshares

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.