What is DA Davidson’s Estimate for TCBI FY2024 Earnings?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities researchers at DA Davidson upped their FY2024 earnings estimates for Texas Capital Bancshares in a research report issued on Monday, October 28th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $4.14 for the year, up from their prior estimate of $3.47. DA Davidson currently has a “Neutral” rating and a $81.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $4.03 per share. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2025 earnings at $5.79 EPS.

TCBI has been the topic of a number of other reports. Barclays increased their target price on Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an “underweight” rating in a research note on Friday, October 18th. Stephens lifted their target price on shares of Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Raymond James upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Tuesday, September 17th. Bank of America upgraded Texas Capital Bancshares from an “underperform” rating to a “buy” rating and increased their target price for the company from $51.00 to $77.00 in a research note on Monday, September 9th. Finally, Royal Bank of Canada increased their target price on Texas Capital Bancshares from $73.00 to $83.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.00.

Texas Capital Bancshares Stock Down 0.3 %

TCBI stock opened at $77.36 on Wednesday. The business has a 50 day moving average of $71.78 and a 200 day moving average of $64.57. The firm has a market cap of $3.57 billion, a PE ratio of 429.78, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13. Texas Capital Bancshares has a twelve month low of $53.16 and a twelve month high of $82.25. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Innealta Capital LLC purchased a new position in Texas Capital Bancshares in the second quarter worth about $26,000. Blue Trust Inc. raised its stake in Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after buying an additional 169 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Texas Capital Bancshares in the first quarter worth approximately $54,000. CWM LLC raised its stake in Texas Capital Bancshares by 40.8% in the second quarter. CWM LLC now owns 949 shares of the bank’s stock worth $58,000 after buying an additional 275 shares in the last quarter. Finally, Headlands Technologies LLC raised its stake in Texas Capital Bancshares by 80.4% in the first 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. 96.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 15,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 20,000 shares in the company, valued at $400,000. This trade represents a 300.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert W. Stallings bought 15,000 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the director now owns 20,000 shares in the company, valued at $400,000. This trade represents a 300.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Stallings bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was bought at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the acquisition, the director now owns 84,587 shares in the company, valued at $1,800,011.36. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.53% of the stock is owned by 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.