Texas Capital Bancshares, Inc. Expected to Post Q2 2024 Earnings of $0.85 Per Share (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities researchers at Wedbush raised their Q2 2024 earnings estimates for Texas Capital Bancshares in a report released on Friday, April 19th. Wedbush analyst D. Chiaverini now expects that the bank will post earnings per share of $0.85 for the quarter, up from their previous forecast of $0.79. Wedbush has a “Neutral” rating and a $61.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.53 per share. Wedbush also issued estimates for Texas Capital Bancshares’ Q1 2025 earnings at $0.81 EPS, Q3 2025 earnings at $1.20 EPS and Q4 2025 earnings at $1.22 EPS.

TCBI has been the topic of a number of other research reports. Mizuho reiterated a “hold” rating and issued a $66.00 price objective (down previously from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Jefferies Financial Group dropped their target price on Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. Hovde Group reduced their price target on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a report on Friday. Raymond James downgraded Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a report on Thursday, April 4th. Finally, Barclays assumed coverage on Texas Capital Bancshares in a research report on Friday, March 8th. They issued an “underweight” rating and a $47.00 target price on the stock. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.58.

Texas Capital Bancshares Price Performance

Shares of TCBI stock opened at $59.20 on Monday. The firm has a fifty day simple moving average of $58.88 and a 200-day simple moving average of $59.03. The company has a market capitalization of $2.81 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 2.08 and a beta of 1.19. Texas Capital Bancshares has a twelve month low of $42.79 and a twelve month high of $66.18. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Hedge Funds Weigh In On Texas Capital Bancshares

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

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 4,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 131,706 shares in the company, valued at $2,624,900.58. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Thomas E. Long purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were acquired at an average price of $58.78 per share, with a total value of $117,560.00. Following the acquisition, the director now owns 7,542 shares in the company, valued at approximately $443,318.76. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert W. Stallings acquired 4,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average price of $19.93 per share, with a total value of $79,720.00. Following the completion of the purchase, the director now owns 131,706 shares in the company, valued at $2,624,900.58. The disclosure for this purchase can be found here. Insiders acquired a total of 23,000 shares of company stock valued at $518,100 over the last 90 days. 0.99% of the stock is owned by company insiders.

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.