Texas Capital Bancshares (NASDAQ:TCBI) Issues Earnings Results, Beats Estimates By $0.36 EPS

Texas Capital Bancshares (NASDAQ:TCBI) issued its quarterly earnings data on Thursday. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.36, Zacks reports. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%.

Texas Capital Bancshares Stock Performance

NASDAQ TCBI opened at $80.56 on Thursday. The company’s fifty day moving average is $82.18 and its two-hundred day moving average is $74.21. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 447.56, a P/E/G ratio of 0.74 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. Texas Capital Bancshares has a 52-week low of $54.68 and a 52-week high of $91.80.

Analyst Ratings Changes

A number of research firms have recently weighed in on TCBI. StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. cut their target price on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a report on Tuesday, January 7th. Truist Financial upped their price target on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a research note on Monday, October 21st. Piper Sandler downgraded Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $77.00 to $82.00 in a research note on Friday, October 18th. Finally, Barclays boosted their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $74.75.

Texas Capital Bancshares Company Profile

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.