Research Analysts Issue Forecasts for TCBI FY2025 Earnings

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities researchers at DA Davidson boosted their FY2025 EPS estimates for shares of Texas Capital Bancshares in a report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now expects that the bank will earn $5.74 per share for the year, up from their prior estimate of $5.61. DA Davidson has a “Neutral” rating and a $87.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $5.84 per share. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2025 earnings at $5.74 EPS.

Several other research analysts also recently weighed in on TCBI. JPMorgan Chase & Co. reduced their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Friday, January 24th. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Hovde Group dropped their price target on Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating for the company in a research report on Friday, March 7th. Stephens reduced their price objective on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $95.00 target price (down previously from $100.00) on shares of Texas Capital Bancshares in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $80.43.

Texas Capital Bancshares Trading Down 3.2 %

Shares of Texas Capital Bancshares stock opened at $64.50 on Friday. Texas Capital Bancshares has a fifty-two week low of $54.68 and a fifty-two week high of $91.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $2.98 billion, a P/E ratio of 50.39, a price-to-earnings-growth ratio of 0.75 and a beta of 0.74. The firm has a 50-day simple moving average of $77.21 and a two-hundred day simple moving average of $78.72.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%.

Institutional Trading of Texas Capital Bancshares

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Texas Capital Bancshares during the 4th quarter valued at about $42,050,000. Azora Capital LP acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $25,232,000. Wellington Management Group LLP increased its stake in shares of Texas Capital Bancshares by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares in the last quarter. Millennium Management LLC raised its position in shares of Texas Capital Bancshares by 60.6% during the 4th quarter. Millennium Management LLC now owns 385,477 shares of the bank’s stock worth $30,144,000 after purchasing an additional 145,393 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Texas Capital Bancshares by 22.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 744,833 shares of the bank’s stock valued at $58,246,000 after buying an additional 138,734 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert W. Stallings acquired 7,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $20.43 per share, for a total transaction of $143,010.00. Following the completion of the transaction, the director now directly owns 49,500 shares in the company, valued at approximately $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 29,402 shares of company stock valued at $653,787 over the last quarter. 1.72% of the stock is currently owned by insiders.

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.