Equities Analysts Issue Forecasts for Texas Capital Bancshares, Inc.’s Q2 2024 Earnings (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – DA Davidson issued their Q2 2024 earnings per share estimates for Texas Capital Bancshares in a note issued to investors on Tuesday, April 23rd. DA Davidson analyst P. Winter anticipates that the bank will post earnings per share of $0.89 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.

Several other brokerages have also recently issued reports on TCBI. Citigroup cut their target price on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, March 13th. Wedbush decreased their price objective on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Mizuho reaffirmed a “hold” rating and set a $66.00 price objective (down from $72.00) on shares of Texas Capital Bancshares in a research note on Monday, April 1st. Keefe, Bruyette & Woods cut their target price on Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Stephens lowered their price target on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research report on Friday, April 19th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $63.58.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock opened at $60.12 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 one year low of $42.79 and a one year high of $66.18. The business’s 50 day simple moving average is $59.01 and its two-hundred day simple moving average is $59.05. The stock has a market capitalization of $2.80 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in Texas Capital Bancshares by 17.5% during the third quarter. SG Americas Securities LLC now owns 46,204 shares of the bank’s stock valued at $2,721,000 after buying an additional 6,879 shares during the period. Atwood & Palmer Inc. purchased a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth $47,000. Raymond James & Associates bought a new position in Texas Capital Bancshares in the 3rd quarter worth $1,138,000. Raymond James Financial Services Advisors Inc. bought a new position in Texas Capital Bancshares in the 3rd quarter worth $572,000. Finally, Bank of New York Mellon Corp lifted its position in Texas Capital Bancshares by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 1,291,087 shares of the bank’s stock valued at $76,045,000 after purchasing an additional 4,210 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings bought 5,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were purchased at an average cost of $18.81 per share, with a total value of $94,050.00. Following the completion of the purchase, the director now owns 140,706 shares in the company, valued at approximately $2,646,679.86. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Texas Capital Bancshares news, Director Thomas E. Long bought 2,000 shares of Texas Capital Bancshares stock in a transaction 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 acquisition, the director now owns 7,542 shares in the company, valued at $443,318.76. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Stallings acquired 5,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, February 2nd. The stock was acquired at an average price of $18.81 per share, with a total value of $94,050.00. Following the completion of the acquisition, the director now directly owns 140,706 shares in the company, valued at approximately $2,646,679.86. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 18,000 shares of company stock worth $422,650. 1.53% of the stock is 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.