Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Free Report) – Analysts at DA Davidson upped their Q2 2024 earnings estimates for Texas Capital Bancshares in a report issued on Thursday, June 27th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings per share of $0.90 for the quarter, up from their prior estimate of $0.89. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.46 per share. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2024 earnings at $3.76 EPS and FY2025 earnings at $4.35 EPS.
Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $256.33 million for the quarter, compared to the consensus estimate of $253.27 million. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%.
Read Our Latest Stock Analysis on TCBI
Texas Capital Bancshares Stock Down 0.8 %
TCBI stock opened at $60.66 on Monday. The stock has a fifty day moving average of $59.45 and a 200-day moving average of $60.14. Texas Capital Bancshares has a fifty-two week low of $50.40 and a fifty-two week high of $66.18. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. CWM LLC grew its position in shares of Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after buying an additional 546 shares during the last quarter. Mather Group LLC. bought a new position in Texas Capital Bancshares in the 1st quarter worth $50,000. Fidelis Capital Partners LLC purchased a new stake in shares of Texas Capital Bancshares in the 1st quarter worth about $54,000. Headlands Technologies LLC boosted its stake in shares of 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 purchasing an additional 476 shares in the last quarter. Finally, Keener Financial Planning LLC bought a new position in Texas Capital Bancshares in the fourth quarter worth about $139,000. 96.88% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 3,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average cost of $19.36 per share, for a total transaction of $58,080.00. Following the acquisition, the director now owns 169,706 shares in the company, valued at approximately $3,285,508.16. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Robert W. Stallings purchased 6,000 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were acquired at an average cost of $19.52 per share, with a total value of $117,120.00. Following the purchase, the director now directly owns 163,706 shares of the company’s stock, valued at $3,195,541.12. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Stallings acquired 3,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was bought at an average price of $19.36 per share, with a total value of $58,080.00. Following the transaction, the director now directly owns 169,706 shares of the company’s stock, valued at approximately $3,285,508.16. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 15,004 shares of company stock worth $292,878. Corporate insiders own 1.53% 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.
Featured Articles
- Five stocks we like better than Texas Capital Bancshares
- Transportation Stocks Investing
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.