Texas Capital Bancshares (NASDAQ:TCBI) Announces Earnings Results

Texas Capital Bancshares (NASDAQ:TCBI) announced its earnings results on Thursday. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06), Briefing.com reports. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. The firm had revenue of $472.49 million during the quarter, compared to analysts’ expectations of $268.02 million. During the same period in the prior year, the company posted $1.33 EPS.

Texas Capital Bancshares Trading Down 0.1 %

NASDAQ TCBI opened at $66.00 on Friday. Texas Capital Bancshares has a one year low of $52.89 and a one year high of $72.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization 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. The company’s 50-day simple moving average is $60.60 and its two-hundred day simple moving average is $60.17.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TCBI shares. Truist Financial upped their price target on shares of 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. reduced their price target on Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, April 4th. Hovde Group decreased their price target on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research note on Friday, April 19th. Raymond James downgraded Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research report on Thursday, April 4th. Finally, Wedbush lifted their target price on Texas Capital Bancshares from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday. Four research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $64.50.

Insider Activity

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