What is DA Davidson’s Forecast for TCBI FY2025 Earnings?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Analysts at DA Davidson upped their FY2025 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst P. Winter now expects that the bank will post earnings per share of $5.93 for the year, up from their previous forecast of $5.79. DA Davidson currently has a “Neutral” rating and a $81.00 price target on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $4.15 per share.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. The company had revenue of $304.91 million for the quarter, compared to analysts’ expectations of $279.64 million. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%.

Several other analysts have also recently weighed in on the stock. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America raised Texas Capital Bancshares from an “underperform” rating to a “buy” rating and increased their price target for the company from $51.00 to $77.00 in a research note on Monday, September 9th. Royal Bank of Canada lifted their price objective on Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $74.00 price target on shares of Texas Capital Bancshares in a report on Monday, September 9th. Finally, Barclays upped their price objective on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.69.

Texas Capital Bancshares Trading Down 0.0 %

TCBI opened at $76.77 on Friday. 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 fifty-two week low of $54.68 and a fifty-two week high of $91.80. The company’s 50 day moving average price is $83.08 and its two-hundred day moving average price is $70.93. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 426.50, a PEG ratio of 0.80 and a beta of 1.14.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was bought at an average cost of $21.28 per share, with a total value of $425,600.00. Following the completion of the transaction, the director now directly owns 84,587 shares in the company, valued at approximately $1,800,011.36. The trade was a 30.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.53% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its position in shares of Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock valued at $65,219,000 after buying an additional 506,094 shares during the last quarter. Millennium Management LLC boosted its holdings in Texas Capital Bancshares by 146.7% during the 2nd quarter. Millennium Management LLC now owns 372,370 shares of the bank’s stock worth $22,767,000 after acquiring an additional 221,454 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Texas Capital Bancshares in the 2nd quarter worth $11,489,000. American Century Companies Inc. raised its holdings in shares of Texas Capital Bancshares by 43.8% in the second quarter. American Century Companies Inc. now owns 562,507 shares of the bank’s stock valued at $34,392,000 after purchasing an additional 171,263 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Texas Capital Bancshares by 15.4% during the third quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock valued at $80,265,000 after purchasing an additional 150,301 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

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.