Q2 2022 EPS Estimates for Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Reduced by Jefferies Financial Group

Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) – Equities researchers at Jefferies Financial Group decreased their Q2 2022 earnings estimates for Texas Capital Bancshares in a report released on Wednesday, April 27th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $0.77 per share for the quarter, down from their prior forecast of $0.81.

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

NASDAQ:TCBI opened at $52.96 on Friday. Texas Capital Bancshares has a 1-year low of $51.07 and a 1-year high of $71.68. The business’s 50-day moving average price is $59.35 and its two-hundred day moving average price is $61.13. The company has a current ratio of 1.02, a quick ratio of 1.11 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 1.97 and a beta of 1.64.

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

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

In other news, Director Robert W. Stallings purchased 8,000 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The shares were acquired at an average cost of $52.65 per share, with a total value of $421,200.00. Following the purchase, the director now owns 44,810 shares in the company, valued at $2,359,246.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is owned by insiders.

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.

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