Texas Capital Bancshares (NASDAQ:TCBI) will announce its earnings results after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of $1.50 per share for the quarter.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, January 23rd. The bank reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.21). The company had revenue of $255.95 million during the quarter, compared to analysts’ expectations of $253.17 million. Texas Capital Bancshares had a return on equity of 13.35% and a net margin of 24.02%. During the same quarter in the previous year, the company earned $1.19 EPS. On average, analysts expect Texas Capital Bancshares to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Texas Capital Bancshares stock opened at $57.98 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $2.96 billion, a P/E ratio of 10.01, a P/E/G ratio of 0.90 and a beta of 1.77. Texas Capital Bancshares has a twelve month low of $47.86 and a twelve month high of $103.05.
In other Texas Capital Bancshares news, Director Ian J. Turpin sold 1,294 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $60.72, for a total transaction of $78,571.68. Following the sale, the director now directly owns 8,102 shares in the company, valued at approximately $491,953.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steve Rosenberg sold 2,305 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $61.31, for a total value of $141,319.55. Following the sale, the director now owns 35,008 shares in the company, valued at $2,146,340.48. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.
Several analysts recently weighed in on TCBI shares. Wedbush downgraded Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Wednesday, March 27th. Jefferies Financial Group downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, January 8th. Barclays upgraded Texas Capital Bancshares from an “equal weight” rating to an “overweight” rating and set a $70.00 price target on the stock in a research note on Thursday, January 10th. Zacks Investment Research upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Stephens restated a “hold” rating and issued a $59.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, December 19th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $89.57.
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About Texas Capital Bancshares
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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