Texas Capital Bancshares, Inc. (NASDAQ:TCBI) will issue its quarterly earnings data on Wednesday, July 19th. Analysts expect the company to announce earnings of $0.94 per share for the quarter.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, April 19th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.08. Texas Capital Bancshares had a return on equity of 9.90% and a net margin of 21.42%. The business had revenue of $180.47 million for the quarter, compared to analyst estimates of $192.60 million. During the same quarter last year, the business earned $0.49 EPS. On average, analysts expect Texas Capital Bancshares to post $3.88 EPS for the current fiscal year and $4.79 EPS for the next fiscal year.
Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) opened at 78.25 on Tuesday. Texas Capital Bancshares, Inc. has a 12-month low of $45.90 and a 12-month high of $93.35. The firm has a market cap of $3.88 billion, a PE ratio of 22.93 and a beta of 1.67. The stock’s 50 day moving average price is $75.78 and its 200 day moving average price is $80.23.
A number of equities research analysts recently issued reports on the stock. UBS AG upgraded shares of Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating in a report on Thursday, April 6th. Zacks Investment Research cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Jefferies Group LLC reissued a “buy” rating and set a $104.00 target price on shares of Texas Capital Bancshares in a research report on Friday. Wedbush raised shares of Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $79.00 to $86.00 in a research report on Monday, May 15th. Finally, Barclays PLC reissued an “equal weight” rating and set a $80.00 target price (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $83.67.
In other news, Director Ian J. Turpin sold 2,507 shares of the stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $73.59, for a total transaction of $184,490.13. Following the sale, the director now directly owns 9,991 shares of the company’s stock, valued at $735,237.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Peter B. Bartholow sold 4,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $74.52, for a total transaction of $298,080.00. Following the sale, the chief financial officer now directly owns 37,671 shares in the company, valued at $2,807,242.92. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.
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About Texas Capital Bancshares
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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