What is DA Davidson’s Estimate for TCBI FY2024 Earnings?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities researchers at DA Davidson raised their FY2024 EPS estimates for Texas Capital Bancshares in a research note issued to investors on Monday, October 28th. DA Davidson analyst P. Winter now expects that the bank will earn $4.14 per share for the year, up from their previous estimate of $3.47. DA Davidson has a “Neutral” rating and a $81.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $4.03 per share. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2025 earnings at $5.79 EPS.

TCBI has been the topic of several other reports. Wedbush reissued a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $74.00 price target on shares of Texas Capital Bancshares in a research report on Monday, September 9th. Bank of America upgraded shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price target for the stock from $51.00 to $77.00 in a research report on Monday, September 9th. Royal Bank of Canada upped their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research report on Friday, October 18th. Finally, Barclays upped their price target on shares of Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Texas Capital Bancshares currently has an average rating of “Hold” and an average price target of $74.00.

Texas Capital Bancshares Trading Down 0.3 %

TCBI stock opened at $77.36 on Wednesday. The company’s 50-day simple moving average is $71.78 and its 200-day simple moving average is $64.57. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 52-week low of $53.16 and a 52-week high of $82.25. The firm has a market cap of $3.57 billion, a P/E ratio of 429.78, a PEG ratio of 0.75 and a beta of 1.13.

Insider Activity

In other news, Director Robert W. Stallings purchased 20,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the transaction, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Robert W. Stallings purchased 20,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the transaction, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Stallings bought 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $20.00 per share, with a total value of $300,000.00. Following the acquisition, the director now directly owns 20,000 shares in the company, valued at $400,000. The trade was a 300.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.53% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC acquired a new stake in Texas Capital Bancshares in the 2nd quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Texas Capital Bancshares in the 1st quarter valued at approximately $54,000. CWM LLC increased its holdings in Texas Capital Bancshares by 40.8% in the 2nd quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after purchasing an additional 275 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in Texas Capital Bancshares by 80.4% in the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock valued at $179,000 after purchasing an additional 1,297 shares during the last quarter. Institutional investors and hedge funds 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.