DA Davidson Has Positive Estimate for TCBI FY2025 Earnings

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) - Research analysts at DA Davidson raised their FY2025 earnings per share estimates for Texas Capital Bancshares in a report released on Monday, July 21st. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $6.26 per share for the year, up from their prior forecast of $5.70. DA Davidson has a "Neutral" rating and a $76.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares' current full-year earnings is $5.84 per share.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last posted its earnings results on Thursday, July 17th. The bank reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.28 by $0.35. Texas Capital Bancshares had a return on equity of 10.36% and a net margin of 6.79%. The company had revenue of $307.46 million for the quarter, compared to the consensus estimate of $298.90 million. During the same quarter in the previous year, the business earned $0.80 earnings per share.

A number of other equities research analysts also recently commented on the company. JPMorgan Chase & Co. lifted their target price on Texas Capital Bancshares from $70.00 to $82.00 and gave the company an "underweight" rating in a research report on Tuesday, July 1st. Stephens dropped their price objective on Texas Capital Bancshares from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Keefe, Bruyette & Woods lifted their price objective on Texas Capital Bancshares from $86.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Piper Sandler dropped their price objective on Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, Hovde Group lifted their price objective on Texas Capital Bancshares from $75.00 to $95.00 and gave the company a "market perform" rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $83.50.

Texas Capital Bancshares Trading Down 1.3%

NASDAQ:TCBI traded down $1.13 on Wednesday, reaching $85.30. The company's stock had a trading volume of 775,743 shares, compared to its average volume of 547,715. Texas Capital Bancshares has a 12-month low of $56.24 and a 12-month high of $94.61. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 33.85, a price-to-earnings-growth ratio of 0.79 and a beta of 0.66. The stock has a 50 day moving average price of $79.41 and a 200 day moving average price of $76.04.

Insider Buying and Selling

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 10,500 shares of the stock in a transaction dated Wednesday, June 11th. The stock was acquired at an average cost of $20.28 per share, with a total value of $212,940.00. Following the transaction, the director owned 60,000 shares in the company, valued at $1,216,800. The trade was a 21.21% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 19,800 shares of company stock worth $397,090. Insiders own 1.72% of the company's stock.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TCBI. UMB Bank n.a. boosted its position in shares of Texas Capital Bancshares by 1,089.8% in the 1st quarter. UMB Bank n.a. now owns 583 shares of the bank's stock valued at $44,000 after purchasing an additional 534 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Texas Capital Bancshares during the 2nd quarter valued at approximately $52,000. GAMMA Investing LLC raised its stake in Texas Capital Bancshares by 127.0% during the 1st quarter. GAMMA Investing LLC now owns 831 shares of the bank's stock valued at $62,000 after acquiring an additional 465 shares during the last quarter. State of Wyoming purchased a new stake in Texas Capital Bancshares during the 1st quarter valued at approximately $70,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Texas Capital Bancshares during the 4th quarter valued at approximately $115,000. 96.88% of the stock is owned by institutional investors and hedge funds.

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.