Brokerages expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI) to report earnings of $0.73 per share
Stock analysts expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) to report earnings per share of $0.73 for the current quarter, reports Zacks Investment Research. Seven analysts provided earnings estimates for Texas Capital Bancshares, with the highest EPS estimate of $0.83 and the lowest estimate of $0.59. Texas Capital Bancshares reported earnings per share of $1.33 in the same quarter last year, which would indicate a negative growth rate of 45.1% year over year. The company is expected to announce its next results after the market closes on Monday, January 1.
According to Zacks, analysts expect Texas Capital Bancshares to report annual earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $3.90. For the next fiscal year, analysts expect the company to post earnings of $4.61 per share, with EPS estimates ranging from $3.45 to $5.48. Zacks earnings per share averages are an average based on a survey of sell-side analysts who follow Texas Capital Bancshares.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last announced its quarterly results on Thursday, January 20. The bank reported EPS of $1.19 for the quarter, beating consensus analyst estimates of $0.91 by $0.28. Texas Capital Bancshares had a return on equity of 9.00% and a net margin of 25.02%. The company posted revenue of $225.49 million in the quarter, compared to analyst estimates of $215.31 million. In the same period a year earlier, the company had earned earnings per share of $1.14.
TCBI has been the subject of several recent analyst reports. Raymond James lowered his price target on shares of Texas Capital Bancshares from $75.00 to $70.00 and set an “outperform” rating for the company in a Friday, Jan. 21 research note. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a price target of $58.00 on the stock in a Wednesday, April 13 report. StockNews.com downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Bank of America reaffirmed a “neutral” rating and set a target price of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 research report. One research analyst rated the stock with a sell rating, five issued a hold rating and five issued the company a buy rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $70.35.
NASDAQ:TCBI shares opened at $55.63 on Monday. The company has a market capitalization of $2.82 billion, a price/earnings ratio of 12.12, a PEG ratio of 2.03 and a beta of 1.64. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt ratio of 1.08. The company has a 50-day moving average price of $61.82 and a 200-day moving average price of $61.59. Texas Capital Bancshares has a 12-month low of $53.22 and a 12-month high of $71.68.
Several hedge funds and other institutional investors have recently changed their positions in TCBI. FMR LLC increased its stake in Texas Capital Bancshares by 178,572.6% in the first quarter. FMR LLC now owns 150,085 shares of the bank worth $8,194,000 after acquiring an additional 150,001 shares during the period. The New York State Teachers’ Retirement System increased its position in Texas Capital Bancshares by 3.8% in Q3. The New York State Teachers’ Retirement System now owns 72,856 shares of the bank worth $4,373,000 after purchasing an additional 2,656 shares during the period. Stephens Inc. AR bought a new stock position in Texas Capital Bancshares during the third quarter worth approximately $2,402,000. New Jersey State Joint Pension Fund D increased its holdings in Texas Capital Bancshares by 15.2% in the third quarter. New Jersey State Joint Pension Fund D now owns 41,560 shares of the bank valued at $2,494,000 after purchasing an additional 5,495 shares during the period. Finally, SG Americas Securities LLC increased its stake in Texas Capital Bancshares by 334.4% during the third quarter. SG Americas Securities LLC now owns 51,521 shares of the bank valued at $3,092,000 after purchasing an additional 39,662 shares during the period. Hedge funds and other institutional investors hold 94.32% of the company’s shares.
Texas Capital Bancshares Company Profile (Get a rating)
Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.
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