Texas Capital Bancshares (TCBI) Earns Daily Coverage Optimism Score of 0.20
News stories about Texas Capital Bancshares (NASDAQ:TCBI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Texas Capital Bancshares earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.9808430833922 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- Texas Capital Bancshares Inc (TCBI) President and CEO C Keith Cargill Bought $181,200 of Shares (finance.yahoo.com)
- Texas Capital Bancshares Inc (TCBI) CEO C Keith Cargill Purchases 2,000 Shares (americanbankingnews.com)
- Texas Capital Bancshares (TCBI) Downgraded by BidaskClub (americanbankingnews.com)
- Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock Nasdaq:TCBI (menafn.com)
A number of research analysts have recently weighed in on the company. Bank of America increased their price target on Texas Capital Bancshares from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. BidaskClub downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Friday. Barclays reissued a “neutral” rating and issued a $104.00 price target (up previously from $90.00) on shares of Texas Capital Bancshares in a research note on Friday, January 26th. UBS Group raised Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Finally, Jefferies Group reissued a “buy” rating on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $98.75.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The business had revenue of $230.02 million for the quarter, compared to the consensus estimate of $219.78 million. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. During the same quarter last year, the business posted $0.96 EPS. equities research analysts predict that Texas Capital Bancshares will post 6.1 EPS for the current fiscal year.
In other Texas Capital Bancshares news, CEO C Keith Cargill acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average price of $90.60 per share, with a total value of $181,200.00. Following the purchase, the chief executive officer now owns 82,286 shares of the company’s stock, valued at approximately $7,455,111.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.47% of the company’s stock.
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About Texas Capital Bancshares
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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