Texas Capital Bancshares, Inc. to Post Q2 2022 Earnings of $0.74 Per Share, Wedbush Forecasts (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating) – Analysts at Wedbush decreased their Q2 2022 earnings per share estimates for Texas Capital Bancshares in a research report issued on Sunday, April 24th. Wedbush analyst P. Winter now expects that the bank will post earnings of $0.74 per share for the quarter, down from their previous forecast of $0.77. Wedbush also issued estimates for Texas Capital Bancshares’ FY2022 earnings at $3.20 EPS and FY2023 earnings at $4.28 EPS.

Texas Capital Bancshares (NASDAQ:TCBIGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The bank reported $0.69 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.04). Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The company had revenue of $203.83 million for the quarter, compared to analysts’ expectations of $213.06 million. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The company’s revenue was down 14.8% on a year-over-year basis.

Several other equities analysts have also recently commented on TCBI. TheStreet cut shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a report on Thursday, April 21st. Bank of America restated a “neutral” rating and set a $69.00 price objective on shares of Texas Capital Bancshares in a report on Tuesday, January 18th. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Wednesday, April 13th. StockNews.com lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Finally, Raymond James cut their target price on shares of Texas Capital Bancshares from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, January 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $70.35.

Texas Capital Bancshares stock opened at $53.07 on Tuesday. The company’s fifty day simple moving average is $60.21 and its 200-day simple moving average is $61.30. The company has a quick ratio of 1.11, a current ratio of 1.02 and a debt-to-equity ratio of 0.33. Texas Capital Bancshares has a 12 month low of $51.07 and a 12 month high of $71.68. The stock has a market cap of $2.69 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.97 and a beta of 1.64.

A number of institutional investors have recently modified their holdings of TCBI. O Shaughnessy Asset Management LLC boosted its stake in Texas Capital Bancshares by 4,210.0% during the third quarter. O Shaughnessy Asset Management LLC now owns 431 shares of the bank’s stock worth $26,000 after acquiring an additional 421 shares in the last quarter. Dark Forest Capital Management LP increased its stake in shares of Texas Capital Bancshares by 17.4% in the third quarter. Dark Forest Capital Management LP now owns 1,394 shares of the bank’s stock worth $84,000 after purchasing an additional 207 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Texas Capital Bancshares by 9.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,867 shares of the bank’s stock valued at $112,000 after acquiring an additional 156 shares in the last quarter. Exane Derivatives purchased a new position in shares of Texas Capital Bancshares in the 1st quarter worth $108,000. Finally, Profund Advisors LLC grew its stake in shares of Texas Capital Bancshares by 5.2% in the 4th quarter. Profund Advisors LLC now owns 3,934 shares of the bank’s stock worth $237,000 after buying an additional 196 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Texas Capital Bancshares Company Profile (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.

See Also

Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

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