Texas Capital Bancshares (NASDAQ:TCBI) Announces Earnings Results, Misses Estimates By $0.07 EPS

Texas Capital Bancshares (NASDAQ:TCBI) announced its quarterly earnings data on Thursday. The bank reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $280.48 million during the quarter, compared to analysts’ expectations of $284.40 million.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI opened at $66.03 on Friday. Texas Capital Bancshares has a 12-month low of $55.46 and a 12-month high of $91.80. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 51.59, a price-to-earnings-growth 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 firm has a 50 day moving average of $73.26 and a 200 day moving average of $78.01.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 7,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average price of $20.43 per share, with a total value of $143,010.00. Following the transaction, the director now directly owns 49,500 shares in the company, valued at approximately $1,011,285. The trade was a 16.47 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 29,402 shares of company stock worth $653,787. Company insiders own 1.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson reduced their price objective on 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. 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 research report on Tuesday, January 28th. Hovde Group cut their price objective on shares of Texas Capital Bancshares from $90.00 to $84.00 and set a “market perform” rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. dropped their target price on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday, January 24th. Finally, StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus target price 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.