Wedbush Has Positive Outlook for TCBI Q4 Earnings

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Investment analysts at Wedbush lifted their Q4 2024 earnings per share estimates for Texas Capital Bancshares in a research note issued to investors on Friday, October 18th. Wedbush analyst D. Chiaverini now anticipates that the bank will earn $0.98 per share for the quarter, up from their previous forecast of $0.96. Wedbush has a “Sector Perform” rating 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 2025 earnings at $1.50 EPS and Q4 2025 earnings at $1.58 EPS.

A number of other equities research analysts have also weighed in on TCBI. DA Davidson boosted their target price on Texas Capital Bancshares from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Royal Bank of Canada boosted their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research report on Friday. JPMorgan Chase & Co. raised their target price on shares of Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a report on Friday. Piper Sandler downgraded shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $77.00 to $82.00 in a research note on Friday. Finally, Hovde Group increased their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research report on Friday. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.19.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $79.02 on Monday. The company has a 50-day simple moving average of $69.13 and a two-hundred day simple moving average of $63.53. Texas Capital Bancshares has a 12-month low of $52.89 and a 12-month high of $82.25. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 0.98 and a beta of 1.13. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, July 18th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The business had revenue of $472.49 million for the quarter, compared to the consensus estimate of $268.02 million. Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. During the same period in the prior year, the business posted $1.33 EPS.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new position in Texas Capital Bancshares during the second quarter valued at $26,000. Blue Trust Inc. raised its position in shares of Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. CWM LLC boosted its stake in Texas Capital Bancshares by 426.6% in the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock worth $41,000 after purchasing an additional 546 shares in the last quarter. Mather Group LLC. purchased a new stake in Texas Capital Bancshares during the 1st quarter valued at about $50,000. Finally, Fidelis Capital Partners LLC purchased a new stake in Texas Capital Bancshares during the 1st quarter valued at about $54,000. 96.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Robert W. Stallings bought 4,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was purchased at an average price of $20.62 per share, with a total value of $82,480.00. Following the transaction, the director now owns 12,794 shares of the company’s stock, valued at approximately $263,812.28. The trade was a 0.00 % 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 the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 4,000 shares of Texas Capital Bancshares stock in a transaction dated Thursday, July 25th. The shares were purchased at an average cost of $20.62 per share, with a total value of $82,480.00. Following the transaction, the director now directly owns 12,794 shares of the company’s stock, valued at $263,812.28. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings purchased 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $20.00 per share, with a total value of $300,000.00. Following the completion of the purchase, the director now owns 20,000 shares in the company, valued at $400,000. This represents a 300.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 43,500 shares of company stock worth $876,400. Company insiders own 0.99% of the company’s stock.

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.