Texas Capital Bancshares (NASDAQ:TCBI) Issues Earnings Results

Texas Capital Bancshares (NASDAQ:TCBI) issued its earnings results on Thursday. The bank reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36, Zacks reports. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%.

Texas Capital Bancshares Trading Up 0.6 %

NASDAQ:TCBI opened at $77.45 on Friday. Texas Capital Bancshares has a 52 week low of $54.68 and a 52 week high of $91.80. The firm has a 50 day moving average of $81.75 and a 200 day moving average of $74.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 430.28, a PEG ratio of 0.73 and a beta of 1.17.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank of Canada upped their target price 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. Hovde Group upped their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Barclays upped their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Finally, StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $76.27.

About Texas Capital Bancshares

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.