Analysts Anticipate Texas Capital Bancshares, Inc. (NASDAQ:TCBI) to Post $0.74 EPS

Equities analysts forecast that Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating) will report earnings per share (EPS) of $0.74 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Texas Capital Bancshares’ earnings. The lowest EPS estimate is $0.63 and the highest is $0.87. Texas Capital Bancshares reported earnings per share of $1.31 during the same quarter last year, which would suggest a negative year-over-year growth rate of 43.5%. The company is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Texas Capital Bancshares will report full-year earnings of $3.20 per share for the current year, with EPS estimates ranging from $2.80 to $3.66. For the next year, analysts anticipate that the business will report earnings of $4.44 per share, with EPS estimates ranging from $3.65 to $5.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBIGet Rating) last issued 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). Texas Capital Bancshares had a net margin of 22.71% and a return on equity of 7.80%. The business had revenue of $203.83 million for the quarter, compared to the consensus estimate of $213.06 million. During the same period in the previous year, the firm earned $1.33 EPS. The company’s revenue was down 14.8% on a year-over-year basis.

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research report on Thursday, April 21st. Raymond James cut their price objective on shares of 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. Bank of America restated a “neutral” rating and set a $69.00 target price on shares of Texas Capital Bancshares in a research note on Tuesday, January 18th. Finally, Zacks Investment Research upgraded 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and an average price target of $70.69.

Shares of TCBI stock traded down $0.65 during mid-day trading on Friday, reaching $53.96. 890,920 shares of the company’s stock traded hands, compared to its average volume of 609,664. Texas Capital Bancshares has a 12 month low of $51.07 and a 12 month high of $71.68. The firm has a 50 day moving average price of $58.00 and a two-hundred day moving average price of $60.83. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $2.74 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.60.

In related news, Director Larry L. Helm purchased 5,700 shares of the firm’s stock in a transaction on Monday, May 2nd. The shares were acquired at an average price of $52.25 per share, for a total transaction of $297,825.00. Following the purchase, the director now directly owns 77,858 shares in the company, valued at $4,068,080.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings purchased 3,000 shares of the firm’s stock in a transaction on Thursday, April 28th. The stock was bought at an average price of $52.00 per share, for a total transaction of $156,000.00. Following the purchase, the director now owns 68,652 shares in the company, valued at $3,569,904. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 16,700 shares of company stock worth $875,025. Corporate insiders own 0.56% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC lifted its stake in Texas Capital Bancshares by 4,210.0% in 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 raised its position in shares of 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 valued at $84,000 after buying an additional 207 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Texas Capital Bancshares by 9.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,867 shares of the bank’s stock valued at $112,000 after buying an additional 156 shares in the last quarter. Exane Derivatives purchased a new stake in shares of Texas Capital Bancshares during the 1st quarter valued at about $108,000. Finally, Carl Stuart Investment Advisor Inc. purchased a new stake in shares of Texas Capital Bancshares during the 1st quarter valued at about $115,000. Institutional investors and hedge funds own 97.77% of the company’s stock.

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.

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

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