Equities Analysts Offer Predictions for Texas Capital Bancshares, Inc.’s Q1 2022 Earnings (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) – Research analysts at Jefferies Financial Group dropped their Q1 2022 EPS estimates for shares of Texas Capital Bancshares in a research report issued on Monday, April 11th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $0.74 per share for the quarter, down from their previous forecast of $0.84. Jefferies Financial Group also issued estimates for Texas Capital Bancshares’ Q3 2022 earnings at $0.92 EPS, Q4 2022 earnings at $1.01 EPS, FY2022 earnings at $3.45 EPS, Q1 2023 earnings at $1.03 EPS, Q2 2023 earnings at $1.13 EPS, Q3 2023 earnings at $1.13 EPS and FY2023 earnings at $4.40 EPS.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last announced its earnings results on Thursday, January 20th. The bank reported $1.19 EPS for the quarter, beating the consensus estimate of $0.91 by $0.28. The business had revenue of $225.49 million during the quarter, compared to the consensus estimate of $215.31 million. Texas Capital Bancshares had a return on equity of 9.00% and a net margin of 25.02%. During the same period in the prior year, the business posted $1.14 earnings per share.

Several other equities research analysts have also issued reports on the stock. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, April 6th. Bank of America reaffirmed a “neutral” rating and issued a $69.00 price target on shares of Texas Capital Bancshares in a research note on Tuesday, January 18th. Finally, Raymond James reduced their price target on Texas Capital Bancshares from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 21st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $70.98.

NASDAQ:TCBI opened at $54.35 on Tuesday. Texas Capital Bancshares has a 12 month low of $53.22 and a 12 month high of $71.68. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.98 and a beta of 1.64. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.08. The company’s 50 day moving average is $62.48 and its 200-day moving average is $61.69.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TCBI. JPMorgan Chase & Co. increased its stake in Texas Capital Bancshares by 1,374.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,518,217 shares of the bank’s stock worth $91,473,000 after acquiring an additional 1,415,279 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Texas Capital Bancshares by 48,491.4% in the 3rd quarter. William Blair Investment Management LLC now owns 823,624 shares of the bank’s stock worth $49,434,000 after purchasing an additional 821,929 shares in the last quarter. Norges Bank purchased a new position in Texas Capital Bancshares in the 4th quarter worth $47,757,000. Invesco Ltd. raised its stake in Texas Capital Bancshares by 84.4% in the 4th quarter. Invesco Ltd. now owns 929,516 shares of the bank’s stock worth $56,003,000 after acquiring an additional 425,431 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at about $24,285,000. Institutional investors own 94.32% of the company’s stock.

About Texas Capital Bancshares (Get Rating)

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, and wealth management services.

Recommended Stories