Texas Capital Bancshares (NASDAQ:TCBI) Issues Quarterly Earnings Results

Texas Capital Bancshares (NASDAQ:TCBI) posted its quarterly earnings results on Thursday. The bank reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07), Zacks reports. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. The company had revenue of $280.48 million for the quarter, compared to analysts’ expectations of $284.40 million.

Texas Capital Bancshares Stock Up 1.4 %

Shares of NASDAQ TCBI opened at $66.03 on Friday. Texas Capital Bancshares has a 12-month low of $54.68 and a 12-month high of $91.80. The stock has a market cap of $3.05 billion, a P/E ratio of 51.59, a PEG ratio of 0.75 and a beta of 0.74. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $73.61 and its 200-day simple moving average is $78.04.

Insiders Place Their Bets

In other news, Director Robert W. Stallings acquired 2,006 shares of the company’s stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $20.99 per share, with a total value of $42,105.94. Following the transaction, the director now owns 182,899 shares in the company, valued at approximately $3,839,050.01. This trade represents a 1.11 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 29,402 shares of company stock worth $653,787 in the last quarter. 1.72% of the stock is owned by company insiders.

Analyst Ratings Changes

TCBI has been the topic of several recent analyst reports. Hovde Group decreased their target price on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. JPMorgan Chase & Co. reduced their target price on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. Stephens lowered their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, DA Davidson dropped their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $80.36.

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.