Texas Capital Bancshares - TCBI Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Texas Capital Bancshares in the last year. There are currently 3 sell ratings, 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TCBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TCBI, but not buy additional shares or sell existing shares.
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8 brokers have issued 12 month target prices for Texas Capital Bancshares' stock. Their TCBI share price forecasts range from $51.00 to $80.00. On average, they predict the company's share price to reach $61.70 in the next year. This suggests a possible upside of 20.0% from the stock's current price.
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Texas Capital Bancshares' stock was trading at $60.31 at the start of the year. Since then, TCBI shares have decreased by 14.8% and is now trading at $51.41.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
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Texas Capital Bancshares, Inc. (NASDAQ:TCBI) released its quarterly earnings results on Tuesday, October, 19th. The bank reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $1.09 by $0.33. The bank earned $215.30 million during the quarter, compared to analysts' expectations of $224.90 million. Texas Capital Bancshares had a trailing twelve-month return on equity of 6.04% and a net margin of 22.26%. The business's quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS.

ETFs with the largest weight of Texas Capital Bancshares (NASDAQ:TCBI) stock in their portfolio include Invesco KBW Regional Banking ETF (KBWR), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE), SPDR S&P Bank ETF (KBE), Direxion Daily Regional Banks Bull 3x Shares (DPST), Invesco S&P MidCap Value with Momentum ETF (XMVM), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and Invesco Raymond James SB-1 Equity ETF (RYJ).

7 employees have rated Texas Capital Bancshares Chief Executive Officer Larry Helm on Glassdoor.com. Larry Helm has an approval rating of 99% among the company's employees. This puts Larry Helm in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Texas Capital Bancshares investors own include Regions Financial (RF), Bank of America (BAC), AbbVie (ABBV), Huntington Bancshares (HBAN), Kohl's (KSS), Starbucks (SBUX), AT&T (T), Exxon Mobil (XOM), Applied Materials (AMAT) and Alibaba Group (BABA).

Texas Capital Bancshares trades on the NASDAQ under the ticker symbol "TCBI."

Texas Capital Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (7.28%), Dimensional Fund Advisors LP (6.41%), Alliancebernstein L.P. (5.22%), Barrow Hanley Mewhinney & Strauss LLC (2.62%), Neuberger Berman Group LLC (1.93%) and Geode Capital Management LLC (1.92%). Insiders that own company stock include Elysia Holt Ragusa, James H Browning, Jonathan Baliff, Julie L Anderson, Larry L Helm, Paola M Arbour, Rob C Holmes, Robert W Stallings, Robert W Stallings and Timothy J Storms.
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Shares of TCBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TCBI stock can currently be purchased for approximately $51.41.

Texas Capital Bancshares (NASDAQ:TCBI) has a market capitalization of $2.48 billion and generates $1.49 billion in revenue each year. The bank earns $332.48 million in net income (profit) each year or $6.25 on an earnings per share basis.

The company employs 2,198 workers across the globe.

Texas Capital Bancshares' mailing address is 2000 MCKINNEY AVE SUITE 700, DALLAS TX, 75201. The official website for the company is www.texascapitalbank.com. The bank can be reached via phone at (214) 932-6600, via email at melissa.harris@texascapitalbank.com, or via fax at 877-839-2738.