Texas Capital Bancshares (NASDAQ:TCBI) Announces Earnings Results, Misses Estimates By $0.06 EPS

Texas Capital Bancshares (NASDAQ:TCBI) issued its quarterly earnings results on Thursday. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06), Briefing.com reports. The business had revenue of $472.49 million during 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 prior year, the company posted $1.33 EPS.

Texas Capital Bancshares Trading Down 0.1 %

Shares of NASDAQ TCBI opened at $66.00 on Friday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.67 and a beta of 1.15. Texas Capital Bancshares has a 12-month low of $52.89 and a 12-month high of $72.07. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $60.60 and its 200 day simple moving average is $60.17.

Analysts Set New Price Targets

A number of research analysts recently commented on TCBI shares. Stephens increased their price target on Texas Capital Bancshares from $73.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada reduced their target price on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. Hovde Group reduced their target price on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating on the stock in a report on Friday, April 19th. Wedbush increased their target price on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Keefe, Bruyette & Woods reduced their target price on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a report on Monday, April 22nd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $64.50.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were purchased at an average cost of $19.50 per share, for a total transaction of $58,500.00. Following the transaction, the director now directly owns 156,706 shares in the company, valued at $3,055,767. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 6,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $19.52 per share, for a total transaction of $117,120.00. Following the transaction, the director now directly owns 163,706 shares in the company, valued at $3,195,541.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert W. Stallings bought 3,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $19.50 per share, for a total transaction of $58,500.00. Following the completion of the transaction, the director now owns 156,706 shares in the company, valued at $3,055,767. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 15,004 shares of company stock valued at $292,878. Insiders own 0.99% of the company’s stock.

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.