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 - Free Report) - Equities research analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a research note issued on Tuesday, April 23rd. DA Davidson analyst P. Winter expects 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 $3.54 per share. DA Davidson also issued estimates for Texas Capital Bancshares' FY2025 earnings at $4.29 EPS.

A number of other equities analysts have also recently issued reports on the company. Raymond James cut Texas Capital Bancshares from a "strong-buy" rating to a "market perform" rating in a report on Thursday, April 4th. Mizuho restated a "hold" rating and set a $66.00 target price (down from $72.00) on shares of Texas Capital Bancshares in a report on Monday, April 1st. Wedbush dropped their target price on Texas Capital Bancshares from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Friday, April 19th. Barclays initiated coverage on Texas Capital Bancshares in a report on Friday, March 8th. They set an "underweight" rating and a $47.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on Texas Capital Bancshares from $70.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, April 4th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $63.58.

Texas Capital Bancshares Price Performance

Shares of TCBI traded down $0.04 during midday trading on Wednesday, reaching $60.12. The stock had a trading volume of 304,601 shares, compared to its average volume of 468,174. The company's 50-day moving average is $59.01 and its 200 day moving average is $59.05. Texas Capital Bancshares has a 12-month low of $42.79 and a 12-month high of $66.18. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19.

Institutional Trading of Texas Capital Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC increased its holdings in shares of Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank's stock worth $41,000 after purchasing an additional 546 shares in the last quarter. Mather Group LLC. purchased a new position in Texas Capital Bancshares during the first quarter valued at $50,000. Atwood & Palmer Inc. purchased a new position in Texas Capital Bancshares during the third quarter valued at $47,000. Headlands Technologies LLC lifted its position 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 valued at $104,000 after acquiring an additional 476 shares in the last quarter. Finally, Strs Ohio lifted its position 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 valued at $123,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 6,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average price of $18.64 per share, with a total value of $111,840.00. Following the transaction, the director now directly owns 146,706 shares in the company, valued at $2,734,599.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 4,000 shares of Texas Capital Bancshares stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $19.93 per share, with a total value of $79,720.00. Following the acquisition, the director now owns 131,706 shares in the company, valued at $2,624,900.58. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Stallings bought 6,000 shares of Texas Capital Bancshares stock in a transaction on Monday, February 5th. The stock was acquired at an average cost of $18.64 per share, with a total value of $111,840.00. Following the acquisition, the director now owns 146,706 shares in the company, valued at approximately $2,734,599.84. The disclosure for this purchase can be found here. In the last quarter, insiders bought 23,000 shares of company stock valued at $518,100. Corporate insiders own 1.53% of the company's stock.

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.