Texas Capital Bancshares, Inc. (TCBI) To Go Ex-Dividend on December 1st

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.20 per share by the bank on Tuesday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 1st.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $98.78 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50-day moving average of $95.47 and a 200-day moving average of $98.96. Texas Capital Bancshares has a one year low of $81.26 and a one year high of $108.92. The company has a market cap of $4.29 billion, a P/E ratio of 12.85, a P/E/G ratio of 0.99 and a beta of 0.63.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.39. Texas Capital Bancshares had a net margin of 17.74% and a return on equity of 10.92%. The business had revenue of $356.60 million for the quarter, compared to analysts’ expectations of $339.89 million. Equities research analysts forecast that Texas Capital Bancshares will post 7.40 EPS for the current fiscal year.

Key Headlines Impacting Texas Capital Bancshares

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

• Positive Sentiment: Third-quarter adjusted earnings were $2.35 per share, exceeding the $1.96 analyst consensus and rising from $2.18 a year earlier. Revenue reached $356.6 million, ahead of the $339.9 million estimate. Texas Capital Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The earnings call highlighted record quarterly EPS and revenue, supporting the view that Texas Capital’s business initiatives are gaining traction and providing a fundamental catalyst for the stock. Texas Capital Bancshares Delivers Record Earnings Momentum
• Positive Sentiment: The bank declared a quarterly cash dividend of $0.20 per share, payable December 15 to shareholders of record December 1. The dividend represents an annualized $0.80 payout and provides continued shareholder income. Texas Capital Declares Cash Dividend
• Neutral Sentiment: Management forecast fourth-quarter noninterest expense of $205 million to $210 million and noninterest income of $70 million to $75 million. The outlook offers visibility but also indicates investors will monitor whether revenue growth continues to outpace costs. Texas Capital Q4 Forecast
• Negative Sentiment: Royal Bank of Canada lowered its price target from $113 to $110 while maintaining a “sector perform” rating. Although the revised target still implies upside, the cut signals limited near-term conviction. Royal Bank of Canada Rating

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.