Texas Capital Bancshares (TCBI) to Release Quarterly Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI) will announce its earnings results before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Thursday, January 18th. The bank reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.24). Texas Capital Bancshares had a return on equity of 7.28% and a net margin of 10.56%. The business had revenue of $245.85 million for the quarter, compared to analysts’ expectations of $251.96 million. During the same period last year, the company posted $0.87 earnings per share. On average, analysts expect Texas Capital Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Texas Capital Bancshares Stock Down 0.2 %

Shares of Texas Capital Bancshares stock opened at $56.43 on Tuesday. The company has a fifty day moving average price of $59.10 and a 200 day moving average price of $59.06. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.30. Texas Capital Bancshares has a twelve month low of $42.79 and a twelve month high of $66.18. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.99 and a beta of 1.19.

Analysts Set New Price Targets

TCBI has been the subject of a number of research reports. Truist Financial cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and decreased their price target for the stock from $72.00 to $66.00 in a research report on Monday, April 1st. Barclays started coverage on shares of Texas Capital Bancshares in a report on Friday, March 8th. They issued an “underweight” rating and a $47.00 price objective 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 on the stock in a report on Monday, April 8th. Wedbush cut their price objective on shares of Texas Capital Bancshares from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. Finally, Stephens boosted their price objective on shares of Texas Capital Bancshares from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and a consensus price target of $64.45.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Thomas E. Long acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average price of $58.78 per share, with a total value of $117,560.00. Following the transaction, the director now directly owns 7,542 shares in the company, valued at $443,318.76. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Robert W. Stallings bought 6,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $18.64 per share, for a total transaction of $111,840.00. Following the transaction, the director now owns 146,706 shares in the company, valued at $2,734,599.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas E. Long bought 2,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was purchased at an average price of $58.78 per share, with a total value of $117,560.00. Following the transaction, the director now owns 7,542 shares in the company, valued at approximately $443,318.76. The disclosure for this purchase can be found here. Insiders acquired a total of 28,000 shares of company stock valued at $612,850 in the last quarter. Insiders own 1.53% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG grew its position in Texas Capital Bancshares by 23.8% in the 1st quarter. UBS Group AG now owns 73,666 shares of the bank’s stock worth $4,221,000 after purchasing an additional 14,181 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Texas Capital Bancshares by 14.0% in the first quarter. Northern Trust Corp now owns 880,660 shares of the bank’s stock valued at $50,471,000 after acquiring an additional 108,346 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Texas Capital Bancshares by 5.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 501,122 shares of the bank’s stock valued at $28,720,000 after acquiring an additional 25,847 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Texas Capital Bancshares by 25.2% in the first quarter. First Trust Advisors LP now owns 85,559 shares of the bank’s stock valued at $4,903,000 after acquiring an additional 17,236 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Texas Capital Bancshares by 1.0% in the first quarter. Sei Investments Co. now owns 165,313 shares of the bank’s stock valued at $9,488,000 after acquiring an additional 1,613 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

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.