What is DA Davidson’s Estimate for TCBI Q4 Earnings?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Research analysts at DA Davidson issued their Q4 2024 earnings per share estimates for Texas Capital Bancshares in a research report issued on Monday, October 28th. DA Davidson analyst P. Winter anticipates that the bank will post earnings of $1.14 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $81.00 target price on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $4.03 per share.

A number of other equities analysts have also commented on TCBI. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Hovde Group increased their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Citigroup restated a “sell” rating and set a $60.00 price objective on shares of Texas Capital Bancshares in a research report on Monday, July 22nd. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $74.00 target price on shares of Texas Capital Bancshares in a report on Monday, September 9th. Five 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 company. According to MarketBeat, Texas Capital Bancshares has an average rating of “Hold” and a consensus price target of $74.00.

Texas Capital Bancshares Stock Down 0.8 %

NASDAQ:TCBI opened at $77.57 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Texas Capital Bancshares has a one year low of $53.16 and a one year high of $82.25. The firm’s 50 day simple moving average is $71.49 and its 200 day simple moving average is $64.48. The company has a market cap of $3.58 billion, a PE ratio of 430.94, a P/E/G ratio of 0.75 and a beta of 1.13.

Institutional Investors Weigh In On Texas Capital Bancshares

Several institutional investors have recently bought and sold shares of TCBI. Blue Trust Inc. boosted its holdings in Texas Capital Bancshares by 89.9% during the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. Innealta Capital LLC purchased a new position in Texas Capital Bancshares during the second quarter worth about $26,000. Fidelis Capital Partners LLC bought a new stake in Texas Capital Bancshares in the 1st quarter worth about $54,000. CWM LLC increased its stake in Texas Capital Bancshares by 40.8% in the 2nd quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after buying an additional 275 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Texas Capital Bancshares by 80.4% during the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock worth $179,000 after buying an additional 1,297 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Insider Activity

In other news, Director Robert W. Stallings bought 15,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $20.00 per share, with a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $400,000. This trade represents a 300.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Texas Capital Bancshares news, Director Robert W. Stallings bought 15,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $20.00 per share, with a total value of $300,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $400,000. The trade was a 300.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the transaction, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.53% of the stock is currently owned by company insiders.

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.