Texas Capital Bancshares (TCBI) Projected to Post Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI) is anticipated to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $1.07 per share and revenue of $284,027.35 billion for the quarter.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Thursday, October 17th. The bank reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.65. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. The firm had revenue of $304.91 million for the quarter, compared to analysts’ expectations of $279.64 million. On average, analysts expect Texas Capital Bancshares to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI opened at $78.91 on Thursday. The business has a fifty day moving average price of $82.93 and a 200-day moving average price of $73.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $3.65 billion, a PE ratio of 438.39, a PEG ratio of 0.80 and a beta of 1.17. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80.

Insider Transactions at Texas Capital Bancshares

In related news, Director Robert W. Stallings acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the completion of the purchase, the director now directly owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This represents a 30.97 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.99% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TCBI. Royal Bank of Canada lifted their target price on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a report on Friday, October 18th. Piper Sandler lowered shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Truist Financial increased their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. decreased their price target on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. Finally, DA Davidson increased their price objective on Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.75.

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.