FY2024 Earnings Estimate for Texas Capital Bancshares, Inc. Issued By DA Davidson (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – DA Davidson increased their FY2024 EPS estimates for shares of Texas Capital Bancshares in a note issued to investors on Tuesday, April 23rd. DA Davidson analyst P. Winter now expects that the bank will earn $3.74 per share for the year, up from their prior estimate of $3.69. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.57 per share.

Several other research firms have also recently weighed in on TCBI. Wedbush lowered their price target on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Stephens reduced their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research report on Friday, April 19th. UBS Group raised their target price on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods reduced their price target on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Mizuho reissued a “hold” rating and set a $66.00 target price (down previously from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $63.58.

Texas Capital Bancshares Stock Down 2.5 %

Shares of TCBI stock opened at $58.61 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50-day moving average is $58.97 and its 200-day moving average is $59.05. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.11 and a beta of 1.19. Texas Capital Bancshares has a 52-week low of $42.79 and a 52-week high of $66.18.

Insider Activity

In other news, Director Robert W. Stallings acquired 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average price of $19.93 per share, with a total value of $79,720.00. Following the acquisition, the director now owns 131,706 shares in the company, valued at approximately $2,624,900.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert W. Stallings bought 4,000 shares of Texas Capital Bancshares stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $19.93 per share, with a total value of $79,720.00. Following the acquisition, the director now directly owns 131,706 shares of the company’s stock, valued at $2,624,900.58. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings purchased 6,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were acquired at an average price of $18.64 per share, with a total value of $111,840.00. Following the transaction, the director now owns 146,706 shares in the company, valued at approximately $2,734,599.84. The disclosure for this purchase can be found here. Insiders acquired a total of 18,000 shares of company stock valued at $422,650 in the last ninety days. 0.99% of the stock is currently owned by insiders.

Institutional Trading of Texas Capital Bancshares

A number of institutional investors have recently made changes to their positions in the stock. SummerHaven Investment Management LLC raised its holdings in shares of Texas Capital Bancshares by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 13,134 shares of the bank’s stock valued at $849,000 after acquiring an additional 175 shares in the last quarter. Retirement Systems of Alabama increased its holdings in shares of Texas Capital Bancshares by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 60,143 shares of the bank’s stock valued at $3,887,000 after acquiring an additional 208 shares in the last quarter. Headlands Technologies LLC boosted its position in Texas Capital Bancshares by 41.9% in the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares during the last quarter. Advisor Partners II LLC boosted its holdings in shares of Texas Capital Bancshares by 11.3% in the 3rd quarter. Advisor Partners II LLC now owns 4,924 shares of the bank’s stock worth $290,000 after purchasing an additional 501 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Texas Capital Bancshares by 22.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,922 shares of the bank’s stock worth $172,000 after purchasing an additional 535 shares during the period. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

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 solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.