Wedbush Analysts Boost Earnings Estimates for Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Research analysts at Wedbush raised their Q4 2024 earnings estimates for shares of Texas Capital Bancshares in a note issued to investors on Wednesday, March 27th. Wedbush analyst D. Chiaverini now anticipates that the bank will earn $1.27 per share for the quarter, up from their prior estimate of $1.23. Wedbush currently has a “Neutral” rating and a $68.00 target price on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.67 per share. Wedbush also issued estimates for Texas Capital Bancshares’ Q1 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $1.15 EPS, Q4 2025 earnings at $1.07 EPS and FY2025 earnings at $4.00 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 18th. The bank reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.24). The business had revenue of $245.85 million during the quarter, compared to analyst estimates of $251.96 million. Texas Capital Bancshares had a return on equity of 7.28% and a net margin of 10.56%. During the same quarter last year, the firm posted $0.87 EPS.

A number of other research analysts also recently weighed in on the company. Citigroup lowered their price target on Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Raymond James boosted their price target on shares of Texas Capital Bancshares from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, January 19th. UBS Group raised their price target on Texas Capital Bancshares from $56.00 to $57.00 and gave the stock a “sell” rating in a research note on Tuesday, January 23rd. Truist Financial boosted their price target on Texas Capital Bancshares from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Finally, Barclays started coverage on shares of Texas Capital Bancshares in a research note on Friday, March 8th. They issued an “underweight” rating and a $47.00 target price for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $64.50.

Texas Capital Bancshares Stock Up 3.8 %

TCBI stock opened at $60.77 on Thursday. The company’s 50 day simple moving average is $60.05 and its 200-day simple moving average is $59.23. Texas Capital Bancshares has a 52-week low of $42.79 and a 52-week high of $66.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $2.88 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.00 and a beta of 1.18.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Thomas E. Long acquired 2,000 shares of the stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the transaction, the director now owns 7,542 shares in the company, valued at approximately $443,318.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Thomas E. Long acquired 2,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $58.78 per share, with a total value of $117,560.00. Following the completion of the acquisition, the director now owns 7,542 shares in the company, valued at $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 purchased 6,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $18.64 per share, with a total value of $111,840.00. Following the completion of the acquisition, the director now directly owns 146,706 shares in the company, valued at $2,734,599.84. The disclosure for this purchase can be found here. Insiders bought a total of 28,000 shares of company stock valued at $612,850 in the last quarter. Corporate insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Texas Capital Bancshares by 0.7% in the second quarter. BlackRock Inc. now owns 5,784,573 shares of the bank’s stock valued at $297,906,000 after buying an additional 39,338 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Texas Capital Bancshares by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock valued at $315,927,000 after acquiring an additional 68,211 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Texas Capital Bancshares by 26.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,633,859 shares of the bank’s stock valued at $219,159,000 after buying an additional 762,038 shares during the period. State Street Corp grew its holdings in Texas Capital Bancshares by 5.1% during the first quarter. State Street Corp now owns 3,268,391 shares of the bank’s stock valued at $187,311,000 after purchasing an additional 158,815 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Texas Capital Bancshares by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,265,085 shares of the bank’s stock valued at $211,025,000 after buying an additional 80,311 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

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.