Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Expected to Earn Q2 2024 Earnings of $0.82 Per Share

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities researchers at Wedbush reduced their Q2 2024 earnings per share (EPS) estimates for Texas Capital Bancshares in a research note issued on Monday, June 24th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings of $0.82 per share for the quarter, down from their prior estimate of $0.85. 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’ Q3 2024 earnings at $0.95 EPS, Q1 2025 earnings at $0.74 EPS, Q3 2025 earnings at $1.18 EPS and FY2025 earnings at $4.20 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The company had revenue of $256.33 million for the quarter, compared to analyst estimates of $253.27 million. Texas Capital Bancshares had a return on equity of 7.05% and a net margin of 9.66%.

Other equities analysts have also issued research reports about the company. Citigroup cut their price target on Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 13th. Barclays initiated coverage on Texas Capital Bancshares in a research note on Friday, March 8th. They set an “underweight” rating and a $47.00 price target on the stock. Mizuho reaffirmed a “hold” rating and set a $66.00 price target (down previously from $72.00) on shares of Texas Capital Bancshares in a research note on Monday, April 1st. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, April 4th. Finally, Stephens dropped their price objective on Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Four 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.58.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $58.90 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $2.75 billion, a P/E ratio of 17.85, a P/E/G ratio of 1.45 and a beta of 1.15. The business’s fifty day moving average is $59.30 and its two-hundred day moving average is $60.12. Texas Capital Bancshares has a 52 week low of $49.13 and a 52 week high of $66.18.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TCBI. CWM LLC lifted 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 buying an additional 546 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Texas Capital Bancshares in the first quarter valued at approximately $50,000. Fidelis Capital Partners LLC acquired a new stake in shares of Texas Capital Bancshares in the first quarter valued at approximately $54,000. Headlands Technologies LLC lifted its position in shares of Texas Capital Bancshares by 41.9% in the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after buying an additional 476 shares during the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of Texas Capital Bancshares in the fourth quarter valued at approximately $139,000. 96.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert W. Stallings acquired 3,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $19.50 per share, with a total value of $58,500.00. Following the completion of the transaction, the director now directly owns 156,706 shares of the company’s stock, valued at $3,055,767. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert W. Stallings purchased 6,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $19.52 per share, with a total value of $117,120.00. Following the completion of the transaction, the director now owns 163,706 shares of the company’s stock, valued at approximately $3,195,541.12. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert W. Stallings purchased 3,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average cost of $19.50 per share, with a total value of $58,500.00. Following the completion of the transaction, the director now directly owns 156,706 shares of the company’s stock, valued at approximately $3,055,767. The disclosure for this purchase can be found here. Insiders acquired 15,004 shares of company stock worth $292,878 over the last ninety days. 0.99% of the stock is currently owned by corporate 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.