Texas Capital Bancshares, Inc. to Post Q4 2022 Earnings of $1.11 Per Share, Wedbush Forecasts (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBIGet Rating) – Equities researchers at Wedbush lifted their Q4 2022 earnings estimates for Texas Capital Bancshares in a report released on Monday, July 25th. Wedbush analyst P. Winter now expects that the bank will post earnings per share of $1.11 for the quarter, up from their previous forecast of $0.90. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.48 per share. Wedbush also issued estimates for Texas Capital Bancshares’ Q1 2023 earnings at $1.05 EPS and Q3 2023 earnings at $1.22 EPS.

Several other equities research analysts also recently weighed in on TCBI. Jefferies Financial Group raised their target price on shares of Texas Capital Bancshares from $51.00 to $52.00 in a research note on Monday, July 11th. Stephens raised their price target on shares of Texas Capital Bancshares to $66.00 in a report on Friday, July 22nd. Raymond James raised shares of Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $70.00 price target for the company in a report on Thursday, July 7th. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 22nd. Finally, TheStreet cut shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a report on Thursday, April 21st. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and an average price target of $63.67.

Texas Capital Bancshares Price Performance

Shares of TCBI opened at $57.19 on Wednesday. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 2.07 and a beta of 1.54. Texas Capital Bancshares has a twelve month low of $48.79 and a twelve month high of $71.60. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $53.80 and a two-hundred day moving average of $58.13.

Texas Capital Bancshares (NASDAQ:TCBIGet Rating) last announced its earnings results on Thursday, July 21st. The bank reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.15). Texas Capital Bancshares had a net margin of 18.42% and a return on equity of 6.48%. During the same quarter last year, the company earned $1.31 earnings per share.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,430 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average price of $22.54 per share, with a total value of $54,772.20. Following the completion of the acquisition, the director now directly owns 2,340 shares in the company, valued at approximately $52,743.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,430 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, July 25th. The stock was purchased at an average price of $22.54 per share, with a total value of $54,772.20. Following the completion of the acquisition, the director now directly owns 2,340 shares in the company, valued at approximately $52,743.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elysia Holt Ragusa bought 2,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Thursday, June 2nd. The shares were acquired at an average cost of $55.91 per share, with a total value of $111,820.00. Following the acquisition, the director now owns 14,164 shares of the company’s stock, valued at $791,909.24. The disclosure for this purchase can be found here. Insiders acquired a total of 56,130 shares of company stock valued at $3,054,497 over the last 90 days. Insiders own 0.56% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Several institutional investors have recently modified their holdings of TCBI. Quent Capital LLC boosted its position in Texas Capital Bancshares by 157.5% during the first quarter. Quent Capital LLC now owns 837 shares of the bank’s stock worth $48,000 after acquiring an additional 512 shares during the last quarter. Exane Derivatives purchased a new stake in Texas Capital Bancshares in the 1st quarter valued at $108,000. Carl Stuart Investment Advisor Inc. purchased a new stake in Texas Capital Bancshares in the 1st quarter valued at $115,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Texas Capital Bancshares during the 1st quarter worth $210,000. Finally, Point72 Hong Kong Ltd boosted its position in shares of Texas Capital Bancshares by 80.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,895 shares of the bank’s stock valued at $223,000 after acquiring an additional 1,735 shares during the last quarter. Institutional investors and hedge funds own 97.77% of the company’s stock.

Texas Capital Bancshares Company Profile

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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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