Texas Capital Bancshares Inc (NASDAQ:TCBI) – Analysts at Wedbush increased their Q4 2020 earnings per share (EPS) estimates for Texas Capital Bancshares in a report released on Friday, September 25th. Wedbush analyst P. Winter now forecasts that the bank will earn $0.71 per share for the quarter, up from their prior forecast of $0.64. Wedbush has a “Neutral” rating and a $32.00 price target on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q2 2021 earnings at $0.80 EPS, Q3 2021 earnings at $0.94 EPS, Q4 2021 earnings at $0.93 EPS and FY2021 earnings at $3.18 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 22nd. The bank reported ($0.73) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.89). The company had revenue of $280.43 million during the quarter, compared to the consensus estimate of $235.15 million. Texas Capital Bancshares had a net margin of 8.10% and a return on equity of 6.68%.

Several other equities analysts have also recently weighed in on the company. ValuEngine cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Jefferies Financial Group assumed coverage on Texas Capital Bancshares in a report on Tuesday, June 2nd. They set a “hold” rating and a $30.00 price target for the company. BidaskClub upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Tuesday, September 15th. Finally, SunTrust Banks lifted their price target on Texas Capital Bancshares from $32.00 to $34.00 and gave the stock a “hold” rating in a report on Thursday, June 4th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.54.

Shares of NASDAQ TCBI opened at $29.81 on Monday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 2.76 and a beta of 2.16. The business has a 50-day moving average of $33.02 and a 200-day moving average of $29.56. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.19 and a quick ratio of 1.18. Texas Capital Bancshares has a fifty-two week low of $19.10 and a fifty-two week high of $64.88.

In related news, CEO Larry L. Helm acquired 30,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $33.12 per share, for a total transaction of $993,600.00. Following the completion of the transaction, the chief executive officer now directly owns 54,076 shares of the company’s stock, valued at approximately $1,790,997.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.54% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Two Sigma Advisers LP lifted its position in Texas Capital Bancshares by 18.6% during the second quarter. Two Sigma Advisers LP now owns 55,600 shares of the bank’s stock worth $1,716,000 after acquiring an additional 8,700 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Texas Capital Bancshares by 1.3% in the second quarter. Principal Financial Group Inc. now owns 150,656 shares of the bank’s stock valued at $4,651,000 after buying an additional 1,932 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Texas Capital Bancshares by 63.4% in the second quarter. Neuberger Berman Group LLC now owns 764,010 shares of the bank’s stock valued at $23,558,000 after buying an additional 296,514 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Texas Capital Bancshares in the second quarter valued at approximately $238,000. Finally, Nuveen Asset Management LLC raised its position in shares of Texas Capital Bancshares by 91.5% in the second quarter. Nuveen Asset Management LLC now owns 272,446 shares of the bank’s stock valued at $8,410,000 after buying an additional 130,140 shares in the last quarter. Hedge funds and other institutional investors own 94.65% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

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