Equities Analysts Issue Forecasts for Texas Capital Bancshares, Inc.’s FY2024 Earnings (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at Wedbush reduced their FY2024 earnings estimates for Texas Capital Bancshares in a research report issued on Monday, June 24th. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings per share of $3.45 for the year, down from their previous forecast of $3.65. Wedbush has a “Neutral” rating and a $61.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.50 per share. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2024 earnings at $1.05 EPS, Q2 2025 earnings at $0.99 EPS and Q4 2025 earnings at $1.29 EPS.

TCBI has been the subject of a number of other research reports. Stephens cut their target price on shares of 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. Mizuho reissued a “hold” rating and set a $66.00 price objective (down previously from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Jefferies Financial Group cut their price objective on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating for the company in a research report on Monday, April 8th. Royal Bank of Canada lowered their target price on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 9th. Finally, Truist Financial lowered their target price on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating on the stock in a research note on Monday, April 22nd. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $63.58.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBI opened at $59.63 on Wednesday. Texas Capital Bancshares has a twelve month low of $49.93 and a twelve month high of $66.18. The firm has a market cap of $2.78 billion, a P/E ratio of 18.07, a PEG ratio of 1.45 and a beta of 1.15. The company has a 50 day moving average of $59.37 and a 200 day moving average of $60.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, April 18th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. Texas Capital Bancshares had a net margin of 9.66% and a return on equity of 7.05%. The firm had revenue of $256.33 million during the quarter, compared to analyst estimates of $253.27 million.

Insider Activity at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 3,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average price of $19.36 per share, with a total value of $58,080.00. Following the completion of the acquisition, the director now owns 169,706 shares in the company, valued at approximately $3,285,508.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 6,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $19.52 per share, for a total transaction of $117,120.00. Following the completion of the purchase, the director now directly owns 163,706 shares of the company’s stock, valued at $3,195,541.12. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert W. Stallings acquired 3,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average price of $19.36 per share, for a total transaction of $58,080.00. Following the purchase, the director now directly owns 169,706 shares of the company’s stock, valued at $3,285,508.16. The disclosure for this purchase can be found here. Insiders bought 15,004 shares of company stock valued at $292,878 over the last 90 days. Insiders own 0.99% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCBI. CWM LLC grew its position in shares of Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after purchasing an additional 546 shares during the period. Mather Group LLC. purchased a new position in Texas Capital Bancshares during the first quarter worth about $50,000. Fidelis Capital Partners LLC purchased a new position in Texas Capital Bancshares during the first quarter worth about $54,000. Headlands Technologies LLC raised its stake in Texas Capital Bancshares by 41.9% during the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock worth $104,000 after purchasing an additional 476 shares during the period. Finally, Keener Financial Planning LLC purchased a new position in Texas Capital Bancshares during the fourth quarter worth about $139,000. Institutional investors and hedge funds own 96.88% 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.