Texas Capital Bancshares (TCBI) to Release Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI) is anticipated to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Texas Capital Bancshares to post earnings of $1.07 per share and revenue of $284,027.35 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Texas Capital Bancshares Stock Up 1.0 %

Shares of NASDAQ TCBI opened at $81.57 on Wednesday. The firm has a market capitalization of $3.77 billion, a PE ratio of 453.17, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 1 year low of $54.68 and a 1 year high of $91.80. The firm’s 50-day moving average is $82.36 and its 200-day moving average is $74.17.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, October 21st. DA Davidson lifted their price objective on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $77.00 to $82.00 in a research note on Friday, October 18th. Royal Bank of Canada lifted their price objective on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Finally, StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.75.

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.