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

Texas Capital Bancshares (NASDAQ:TCBI) announced its quarterly earnings data on Wednesday. The bank reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01, FiscalAI reports. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The company had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million.

Texas Capital Bancshares Price Performance

Shares of TCBI stock traded down $0.74 during trading hours on Wednesday, reaching $102.91. 544,850 shares of the company were exchanged, compared to its average volume of 486,898. Texas Capital Bancshares has a fifty-two week low of $75.41 and a fifty-two week high of $108.92. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s fifty day moving average is $101.09 and its two-hundred day moving average is $99.37. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.49 and a beta of 0.67.

Texas Capital Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, June 1st. Texas Capital Bancshares’s dividend payout ratio is presently 10.75%.

Insider Buying and Selling at Texas Capital Bancshares

In other news, insider Anna M. Alvarado sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.95, for a total value of $353,325.00. Following the transaction, the insider owned 23,810 shares of the company’s stock, valued at approximately $2,403,619.50. This trade represents a 12.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Rob C. Holmes sold 49,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $101.22, for a total transaction of $5,010,390.00. Following the transaction, the chief executive officer directly owned 167,635 shares in the company, valued at $16,968,014.70. The trade was a 22.80% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 102,100 shares of company stock worth $10,366,023. Company insiders own 1.91% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Cibc World Markets Corp acquired a new position in shares of Texas Capital Bancshares during the 4th quarter worth about $273,000. United Services Automobile Association acquired a new stake in shares of Texas Capital Bancshares during the 1st quarter worth about $230,000. Corient Private Wealth LLC acquired a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $213,000. O Shaughnessy Asset Management LLC acquired a new position in Texas Capital Bancshares in the 4th quarter valued at about $208,000. Finally, Empowered Funds LLC acquired a new position in Texas Capital Bancshares in the 4th quarter valued at about $131,000. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TCBI. Wall Street Zen cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings restated a “buy (b)” rating on shares of Texas Capital Bancshares in a research note on Monday, July 6th. Royal Bank Of Canada raised their price objective on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Fundamental Research set a $110.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday, July 1st. Finally, Zacks Research cut shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $106.17.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.