Texas Capital Bancshares (TCBI) Projected to Post Quarterly Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI) will likely be posting its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect Texas Capital Bancshares to post earnings of $0.94 per share and revenue of $284.40 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, January 23rd. The bank reported $1.43 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%. On average, analysts expect Texas Capital Bancshares to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Capital Bancshares Trading Up 2.3 %

Shares of NASDAQ:TCBI opened at $63.45 on Tuesday. 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 stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 49.57, a PEG ratio of 0.75 and a beta of 0.74. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company has a 50 day moving average price of $74.68 and a 200 day moving average price of $78.26.

Wall Street Analysts Forecast Growth

TCBI has been the topic of a number of research reports. DA Davidson dropped their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Hovde Group dropped their price target on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a research note on Friday, March 7th. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Stephens cut their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Barclays decreased their target price on Texas Capital Bancshares from $73.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $80.36.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 5,670 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of $27.60 per share, with a total value of $156,492.00. Following the transaction, the director now owns 180,893 shares in the company, valued at $4,992,646.80. This represents a 3.24 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have acquired 29,402 shares of company stock worth $653,787. Corporate insiders own 1.72% 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.