Texas Capital Bancshares (TCBI) to Release Quarterly Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI) is set to post its quarterly earnings results before the market opens on Thursday, July 18th. Analysts expect Texas Capital Bancshares to post earnings of $0.87 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. Texas Capital Bancshares had a net margin of 9.66% and a return on equity of 7.05%. The company had revenue of $256.33 million for the quarter, compared to analyst estimates of $253.27 million. On average, analysts expect Texas Capital Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBI opened at $70.66 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50-day moving average is $60.21 and its 200-day moving average is $60.07. Texas Capital Bancshares has a 52-week low of $52.89 and a 52-week high of $70.87. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.62 and a beta of 1.15.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Truist Financial upped their price target on Texas Capital Bancshares from $61.00 to $62.00 and gave the company a “hold” rating in a report on Monday, July 8th. JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Stephens dropped their price objective on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. Keefe, Bruyette & Woods reduced their price objective on shares of Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating for the company in a report on Monday, April 22nd. Finally, Mizuho reissued a “hold” rating and issued a $66.00 target price (down previously from $72.00) on shares of Texas Capital Bancshares in a research note on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $63.65.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was purchased at an average cost of $19.36 per share, with a total value of $58,080.00. Following the acquisition, the director now directly owns 169,706 shares of the company’s stock, valued at approximately $3,285,508.16. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Robert W. Stallings acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were purchased at an average price of $19.36 per share, with a total value of $58,080.00. Following the acquisition, the director now directly owns 169,706 shares in the company, valued at $3,285,508.16. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert W. Stallings bought 6,000 shares of the company’s stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $19.52 per share, with a total value of $117,120.00. Following the completion of the purchase, the director now owns 163,706 shares of the company’s stock, valued at approximately $3,195,541.12. The disclosure for this purchase can be found here. Insiders have acquired 15,004 shares of company stock valued at $292,878 in the last three months. 0.99% of the stock is owned by corporate insiders.

Texas Capital Bancshares Company Profile

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.