Texas Capital Bancshares, Inc. to Post Q2 2024 Earnings of $0.89 Per Share, DA Davidson Forecasts (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of Texas Capital Bancshares in a research report issued to clients and investors on Tuesday, April 23rd. DA Davidson analyst P. Winter expects that the bank will post earnings per share of $0.89 for the quarter. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.54 per share. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2025 earnings at $4.29 EPS.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group cut their price objective on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating for the company in a report on Monday, April 8th. Keefe, Bruyette & Woods cut 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. Hovde Group cut their price objective on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a report on Friday, April 19th. Mizuho reaffirmed a “hold” rating and set a $66.00 price objective (down from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Finally, Wedbush cut their price objective on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average target price of $63.58.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $60.16 on Wednesday. Texas Capital Bancshares has a 12 month low of $42.79 and a 12 month high of $66.18. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.09 and a beta of 1.19. The company’s 50 day moving average is $58.96 and its two-hundred day moving average is $59.04. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC boosted its stake in shares of Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after purchasing an additional 546 shares during the period. Atwood & Palmer Inc. bought a new position in shares of Texas Capital Bancshares in the third quarter worth about $47,000. Mather Group LLC. bought a new position in shares of Texas Capital Bancshares in the first quarter worth about $50,000. Headlands Technologies LLC grew its holdings in shares of Texas Capital Bancshares by 41.9% in the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Texas Capital Bancshares by 133.3% in the third quarter. Strs Ohio now owns 2,100 shares of the bank’s stock worth $123,000 after purchasing an additional 1,200 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Texas Capital Bancshares

In other news, Director Thomas E. Long acquired 2,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $58.78 per share, with a total value of $117,560.00. Following the completion of the purchase, the director now directly owns 7,542 shares of the company’s stock, valued at $443,318.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Thomas E. Long acquired 2,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $58.78 per share, with a total value of $117,560.00. Following the completion of the purchase, the director now directly owns 7,542 shares of the company’s stock, valued at $443,318.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings acquired 6,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were purchased at an average cost of $18.64 per share, with a total value of $111,840.00. Following the completion of the purchase, the director now directly owns 146,706 shares of the company’s stock, valued at $2,734,599.84. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 23,000 shares of company stock valued at $518,100. 1.53% 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.