Texas Capital Bancshares (TCBI) Projected to Post Quarterly Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI) is expected to release its earnings data before the market opens on Thursday, April 17th. Analysts expect Texas Capital Bancshares to post earnings of $0.94 per share and revenue of $284.40 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, analysts expect Texas Capital Bancshares to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $64.21 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 0.75 and a beta of 0.74. The business has a 50-day moving average of $74.29 and a 200-day moving average of $78.16.

Insider Activity

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 2,006 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was purchased at an average price of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now directly owns 182,899 shares in the company, valued at $3,839,050.01. This trade represents a 1.11 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders bought 29,402 shares of company stock worth $653,787. 1.72% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays decreased their price target on Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. DA Davidson decreased their target price on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Stephens dropped their price target on shares of Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 28th. JPMorgan Chase & Co. decreased their price objective on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 target price (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.36.

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.