Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Announces Quarterly Dividend of $0.20

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.20 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $102.91 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.27. Texas Capital Bancshares has a 52-week low of $75.41 and a 52-week high of $108.92. The business’s 50-day moving average price is $101.23 and its 200 day moving average price is $99.46. The firm has a market cap of $4.49 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.49 and a beta of 0.67.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, beating the consensus estimate of $1.87 by $0.01. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The firm had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. During the same period in the prior year, the business earned $1.63 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts expect that Texas Capital Bancshares will post 7.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TCBI has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Texas Capital Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Royal Bank Of Canada upped their target price on shares of Texas Capital Bancshares from $110.00 to $114.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. increased their target price on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company an “underweight” rating in a report on Wednesday, July 1st. Piper Sandler lifted their price target on shares of Texas Capital Bancshares from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Finally, Wall Street Zen lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $106.17.

About Texas Capital Bancshares

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.