Brokerages Anticipate Texas Capital Bancshares, Inc. (NASDAQ:TCBI) to Announce $1.12 Earnings Per Share

Equities analysts predict that Texas Capital Bancshares, Inc. (NASDAQ:TCBI) will report $1.12 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Texas Capital Bancshares’ earnings. The lowest EPS estimate is $0.91 and the highest is $1.35. Texas Capital Bancshares posted earnings of $1.08 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 3.7%. The firm is expected to report its next earnings report on Wednesday, October 20th.

According to Zacks, analysts expect that Texas Capital Bancshares will report full-year earnings of $4.84 per share for the current year, with EPS estimates ranging from $4.45 to $5.20. For the next year, analysts forecast that the company will post earnings of $3.71 per share, with EPS estimates ranging from $3.10 to $4.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Tuesday, July 20th. The bank reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.10. Texas Capital Bancshares had a net margin of 23.37% and a return on equity of 9.64%. The firm had revenue of $227.10 million for the quarter, compared to analyst estimates of $240.67 million. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue was down 19.3% on a year-over-year basis.

A number of research analysts have issued reports on TCBI shares. Stephens cut their target price on shares of Texas Capital Bancshares from $77.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, July 22nd. Janney Montgomery Scott downgraded shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research report on Thursday, September 2nd. Wedbush downgraded shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating in a research report on Thursday, September 2nd. Hovde Group downgraded shares of Texas Capital Bancshares from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 2nd. Finally, Piper Sandler upgraded shares of Texas Capital Bancshares from a “neutral” rating to an “overweight” rating and set a $75.00 target price on the stock in a research report on Thursday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and an average target price of $72.36.

In other Texas Capital Bancshares news, insider Timothy J. Storms purchased 4,173 shares of the firm’s stock in a transaction dated Thursday, September 2nd. The stock was bought at an average cost of $59.83 per share, with a total value of $249,670.59. Following the purchase, the insider now directly owns 7,717 shares of the company’s stock, valued at $461,708.11. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Rob C. Holmes purchased 8,308 shares of the firm’s stock in a transaction dated Friday, September 3rd. The shares were acquired at an average cost of $60.29 per share, with a total value of $500,889.32. Following the completion of the purchase, the chief executive officer now directly owns 265,029 shares in the company, valued at $15,978,598.41. The disclosure for this purchase can be found here. Company insiders own 0.64% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Sowell Financial Services LLC grew its stake in shares of Texas Capital Bancshares by 17,450.0% in the first quarter. Sowell Financial Services LLC now owns 351 shares of the bank’s stock valued at $25,000 after buying an additional 349 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Texas Capital Bancshares in the second quarter valued at $34,000. Rockefeller Capital Management L.P. grew its stake in shares of Texas Capital Bancshares by 128.2% in the second quarter. Rockefeller Capital Management L.P. now owns 785 shares of the bank’s stock valued at $49,000 after buying an additional 441 shares in the last quarter. Hanseatic Management Services Inc. bought a new position in shares of Texas Capital Bancshares in the first quarter valued at $61,000. Finally, TCTC Holdings LLC bought a new position in shares of Texas Capital Bancshares in the first quarter valued at $71,000. 95.81% of the stock is owned by institutional investors and hedge funds.

NASDAQ:TCBI traded up $0.34 during mid-day trading on Friday, reaching $57.16. 2,094 shares of the company were exchanged, compared to its average volume of 692,961. Texas Capital Bancshares has a 12 month low of $29.44 and a 12 month high of $93.26. The company has a fifty day moving average of $63.16 and a 200 day moving average of $68.27. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.89 billion, a PE ratio of 11.69 and a beta of 1.85.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the holding company for Texas Capital Bank NA. It provides commercial banking services to its customers in Texas and concentrates on middle market commercial businesses and successful professionals and entrepreneurs. The firm loan portfolio comprises of commercial loans, real estate loans, construction loans and letters of credit; business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts, and other treasury management services, including an on-line system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services.

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Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

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