Texas Capital Bancshares, Inc. to Post Q2 2024 Earnings of $0.89 Per Share, DA Davidson Forecasts (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for shares of Texas Capital Bancshares in a research report issued to clients and investors on Tuesday, April 23rd. DA Davidson analyst P. Winter forecasts that the bank will post earnings per share of $0.89 for the quarter. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.54 per share. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2025 earnings at $4.29 EPS.

TCBI has been the subject of several other research reports. Wedbush dropped their price target on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Royal Bank of Canada dropped their price target on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 9th. Stephens dropped their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating for the company in a research note on Friday, April 19th. JPMorgan Chase & Co. dropped their price target on shares of Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, April 4th. Finally, Truist Financial dropped their price target on shares of Texas Capital Bancshares from $66.00 to $61.00 and set a “hold” rating for the company in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.58.

Texas Capital Bancshares Trading Up 1.6 %

Shares of NASDAQ TCBI opened at $60.16 on Wednesday. The firm has a 50 day moving average price of $58.96 and a two-hundred day moving average price of $59.04. The stock has a market cap of $2.81 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.09 and a beta of 1.19. Texas Capital Bancshares has a 52-week low of $42.79 and a 52-week high of $66.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TCBI. CWM LLC lifted its position in shares of Texas Capital Bancshares by 426.6% during the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after purchasing an additional 546 shares in the last quarter. Mather Group LLC. bought a new position in shares of Texas Capital Bancshares during the first quarter valued at about $50,000. Atwood & Palmer Inc. bought a new position in shares of Texas Capital Bancshares during the third quarter valued at about $47,000. Headlands Technologies LLC lifted its position in shares of Texas Capital Bancshares by 41.9% during the fourth quarter. Headlands Technologies LLC now owns 1,613 shares of the bank’s stock valued at $104,000 after purchasing an additional 476 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of Texas Capital Bancshares by 133.3% during the third quarter. Strs Ohio now owns 2,100 shares of the bank’s stock valued at $123,000 after purchasing an additional 1,200 shares in the last quarter. 96.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Thomas E. Long purchased 2,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the acquisition, the director now owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Thomas E. Long purchased 2,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, February 27th. The stock was acquired at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the acquisition, the director now owns 7,542 shares of the company’s stock, valued at approximately $443,318.76. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert W. Stallings purchased 4,000 shares of Texas Capital Bancshares stock in a transaction on Wednesday, January 31st. The stock was bought at an average price of $19.93 per share, with a total value of $79,720.00. Following the completion of the acquisition, the director now directly owns 131,706 shares of the company’s stock, valued at approximately $2,624,900.58. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 23,000 shares of company stock worth $518,100. 1.53% of the stock is currently owned by company insiders.

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.