Texas Capital Bancshares (TCBI) Set to Announce Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI) will post its quarterly earnings results before the market opens on Thursday, October 17th. Analysts expect Texas Capital Bancshares to post earnings of $0.97 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). The company had revenue of $472.49 million for the quarter, compared to analysts’ expectations of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same period in the previous year, the business earned $1.33 EPS. On average, analysts expect Texas Capital Bancshares to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $77.57 on Wednesday. The firm’s 50-day moving average price is $67.92 and its 200-day moving average price is $63.09. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.62 billion, a PE ratio of 23.51, a PEG ratio of 0.94 and a beta of 1.13. Texas Capital Bancshares has a 52-week low of $52.89 and a 52-week high of $78.67.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TCBI shares. Wedbush raised their price objective on shares of Texas Capital Bancshares from $70.00 to $77.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Hovde Group raised their target price on shares of Texas Capital Bancshares from $66.00 to $73.00 and gave the stock a “market perform” rating in a research note on Monday, September 23rd. Stephens raised their target price on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $74.00 target price on shares of Texas Capital Bancshares in a research note on Monday, September 9th. Finally, Raymond James upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Tuesday, September 17th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $69.13.

Insiders Place Their Bets

In other news, Director Robert W. Stallings acquired 10,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost of $20.46 per share, with a total value of $204,600.00. Following the completion of the purchase, the director now directly owns 31,294 shares of the company’s stock, valued at $640,275.24. 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 the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 14,000 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average cost of $19.93 per share, with a total value of $279,020.00. Following the completion of the purchase, the director now directly owns 55,294 shares in the company, valued at $1,102,009.42. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Stallings acquired 10,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was acquired at an average cost of $20.46 per share, with a total value of $204,600.00. Following the completion of the purchase, the director now owns 31,294 shares of the company’s stock, valued at $640,275.24. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 43,500 shares of company stock valued at $876,400 over the last three months. 0.99% of the stock is owned by company insiders.

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.