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

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share estimates for shares of Texas Capital Bancshares in a research note issued on Tuesday, April 23rd. DA Davidson analyst P. Winter forecasts that the bank will post earnings of $0.89 per share for the quarter. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.57 per share. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2025 earnings at $4.29 EPS.

Several other equities analysts have also recently weighed in on TCBI. Stephens lowered their target price on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Hovde Group lowered their price target on Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research note on Friday, April 19th. Raymond James cut Texas Capital Bancshares from a “strong-buy” rating to a “market perform” rating in a research note on Thursday, April 4th. Truist Financial lowered their price target on Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating for the company in a research note on Monday. Finally, Wedbush lowered their price target on Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.58.

Texas Capital Bancshares Trading Down 2.5 %

NASDAQ:TCBI opened at $58.61 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a fifty-two week low of $42.79 and a fifty-two week high of $66.18. The stock’s 50-day moving average is $58.97 and its two-hundred day moving average is $59.05. The stock has a market cap of $2.73 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.19.

Institutional Trading of Texas Capital Bancshares

Large investors have recently bought and sold shares of the stock. CWM LLC grew its position in Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after acquiring an additional 546 shares during the period. Mather Group LLC. acquired a new stake in shares of Texas Capital Bancshares in the first quarter valued at $50,000. Atwood & Palmer Inc. acquired a new stake in Texas Capital Bancshares in the third quarter worth about $47,000. Headlands Technologies LLC increased its position in 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 period. Finally, Strs Ohio increased its position in 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 period. 96.88% of the stock is currently owned by institutional investors.

Insider Transactions at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was acquired at an average cost of $19.93 per share, for a total transaction of $79,720.00. Following the completion of the purchase, the director now owns 131,706 shares of the company’s stock, valued at approximately $2,624,900.58. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Thomas E. Long bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the purchase, the director now owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Stallings bought 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The stock was purchased at an average price of $19.93 per share, with a total value of $79,720.00. Following the completion of the purchase, the director now directly owns 131,706 shares of the company’s stock, valued at approximately $2,624,900.58. The disclosure for this purchase can be found here. Insiders acquired a total of 18,000 shares of company stock worth $422,650 over the last three months. 0.99% of the stock is currently owned by 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.