DA Davidson Issues Pessimistic Forecast for TCBI Earnings

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Investment analysts at DA Davidson decreased their FY2025 EPS estimates for Texas Capital Bancshares in a report issued on Monday, April 21st. DA Davidson analyst P. Winter now expects that the bank will earn $5.53 per share for the year, down from their prior forecast of $5.74. DA Davidson has a “Neutral” rating and a $76.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $5.84 per share. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2026 earnings at $6.40 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, April 17th. The bank reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The business had revenue of $280.48 million for the quarter, compared to the consensus estimate of $284.40 million.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Texas Capital Bancshares from $78.00 to $70.00 and set an “underweight” rating on the stock in a research report on Monday. Hovde Group lowered their target price on Texas Capital Bancshares from $84.00 to $75.00 and set a “market perform” rating for the company in a report on Monday. Keefe, Bruyette & Woods cut their price target on Texas Capital Bancshares from $92.00 to $86.00 and set an “outperform” rating on the stock in a research note on Monday. Stephens lowered their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Piper Sandler cut their target price on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a “neutral” rating on the stock in a research report on Monday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $76.64.

Texas Capital Bancshares Stock Up 2.0 %

Shares of NASDAQ TCBI opened at $67.19 on Wednesday. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 52.49, a PEG ratio of 0.75 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 12 month low of $56.24 and a 12 month high of $91.80. The stock has a 50-day moving average price of $72.29 and a two-hundred day moving average price of $77.90.

Insider Buying and Selling

In other news, Director Robert W. Stallings purchased 2,006 shares of the stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the acquisition, the director now owns 182,899 shares in the company, valued at $3,839,050.01. This represents a 1.11 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders bought 33,902 shares of company stock valued at $943,002. 1.72% of the stock is owned by insiders.

Institutional Trading of Texas Capital Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Texas Capital Bancshares during the 4th quarter valued at about $42,050,000. Azora Capital LP bought a new stake in Texas Capital Bancshares in the fourth quarter valued at approximately $25,232,000. SG Americas Securities LLC purchased a new stake in shares of Texas Capital Bancshares during the first quarter valued at approximately $16,938,000. Millennium Management LLC increased its stake in shares of Texas Capital Bancshares by 60.6% in the fourth quarter. Millennium Management LLC now owns 385,477 shares of the bank’s stock worth $30,144,000 after buying an additional 145,393 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in Texas Capital Bancshares by 22.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock valued at $58,246,000 after buying an additional 138,734 shares during the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

About Texas Capital Bancshares

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.