Analysts expect that Texas Capital Bancshares Inc (NASDAQ:TCBI) will report earnings of $1.52 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Texas Capital Bancshares’ earnings, with the highest EPS estimate coming in at $1.65 and the lowest estimate coming in at $1.37. Texas Capital Bancshares posted earnings of $1.38 per share in the same quarter last year, which indicates a positive year over year growth rate of 10.1%. The firm is expected to announce its next earnings report on Wednesday, July 17th.
On average, analysts expect that Texas Capital Bancshares will report full year earnings of $6.45 per share for the current financial year, with EPS estimates ranging from $6.01 to $6.70. For the next year, analysts expect that the company will post earnings of $6.62 per share, with EPS estimates ranging from $6.36 to $6.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Texas Capital Bancshares.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, April 17th. The bank reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.26. The business had revenue of $265.63 million during the quarter, compared to analysts’ expectations of $253.83 million. Texas Capital Bancshares had a return on equity of 13.37% and a net margin of 23.36%. During the same quarter in the prior year, the business posted $1.38 earnings per share.
A number of brokerages have commented on TCBI. TheStreet upgraded Texas Capital Bancshares from a “c+” rating to a “b-” rating in a research report on Tuesday, April 30th. Zacks Investment Research upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Wedbush cut Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and set a $65.00 price target for the company. in a research report on Wednesday, March 27th. Stephens restated a “hold” rating on shares of Texas Capital Bancshares in a research report on Thursday, April 18th. Finally, Compass Point cut Texas Capital Bancshares from a “buy” rating to a “neutral” rating and set a $58.49 price target for the company. in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $84.54.
In related news, Director Steve Rosenberg sold 2,305 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $61.31, for a total transaction of $141,319.55. Following the completion of the sale, the director now owns 35,008 shares in the company, valued at $2,146,340.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ian J. Turpin sold 1,294 shares of the stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $60.72, for a total value of $78,571.68. Following the sale, the director now owns 8,102 shares of the company’s stock, valued at approximately $491,953.44. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Texas Capital Bancshares by 2.7% during the fourth quarter. BlackRock Inc. now owns 4,543,746 shares of the bank’s stock worth $232,140,000 after purchasing an additional 120,183 shares in the last quarter. Vanguard Group Inc grew its position in shares of Texas Capital Bancshares by 2.6% during the third quarter. Vanguard Group Inc now owns 4,540,983 shares of the bank’s stock worth $375,312,000 after purchasing an additional 114,580 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Texas Capital Bancshares by 61.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,767,561 shares of the bank’s stock worth $96,492,000 after purchasing an additional 675,065 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Texas Capital Bancshares by 0.5% during the first quarter. Wellington Management Group LLP now owns 1,388,036 shares of the bank’s stock worth $75,773,000 after purchasing an additional 6,322 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Texas Capital Bancshares by 14.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,336,828 shares of the bank’s stock worth $68,298,000 after purchasing an additional 170,059 shares in the last quarter. Hedge funds and other institutional investors own 98.17% of the company’s stock.
Shares of TCBI opened at $60.65 on Friday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.30 and a quick ratio of 1.21. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 0.93 and a beta of 1.83. Texas Capital Bancshares has a 52 week low of $47.86 and a 52 week high of $102.80.
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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