Analysts expect Texas Capital Bancshares Inc (NASDAQ:TCBI) to report earnings per share of $1.50 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Texas Capital Bancshares’ earnings, with estimates ranging from $1.37 to $1.57. Texas Capital Bancshares reported earnings per share of $1.65 during the same quarter last year, which would suggest a negative year over year growth rate of 9.1%. The company is expected to report its next earnings results after the market closes on Wednesday, October 16th.
On average, analysts expect that Texas Capital Bancshares will report full-year earnings of $5.93 per share for the current financial year, with EPS estimates ranging from $5.80 to $6.08. For the next year, analysts expect that the company will post earnings of $5.77 per share, with EPS estimates ranging from $5.40 to $6.07. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Texas Capital Bancshares.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, July 17th. The bank reported $1.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.03). Texas Capital Bancshares had a return on equity of 13.29% and a net margin of 22.88%. The firm had revenue of $267.92 million for the quarter, compared to the consensus estimate of $267.15 million. During the same period last year, the company posted $1.38 EPS.
A number of analysts have recently weighed in on TCBI shares. UBS Group downgraded shares of Texas Capital Bancshares from a “neutral” rating to a “sell” rating and cut their price target for the stock from $62.00 to $52.00 in a report on Monday, August 5th. BidaskClub raised shares of Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a report on Thursday, September 12th. Raymond James downgraded shares of Texas Capital Bancshares from an “outperform” rating to a “market perform” rating in a report on Thursday, August 29th. TheStreet downgraded shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a report on Friday, August 30th. Finally, SunTrust Banks downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating and cut their price target for the stock from $72.00 to $63.00 in a report on Thursday, July 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $64.70.
Shares of Texas Capital Bancshares stock traded up $0.79 on Thursday, reaching $52.33. 32,212 shares of the stock were exchanged, compared to its average volume of 635,006. The firm’s 50 day moving average is $54.24 and its 200-day moving average is $58.36. Texas Capital Bancshares has a one year low of $47.86 and a one year high of $82.76. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.21 and a current ratio of 1.26. The firm has a market cap of $2.63 billion, a PE ratio of 9.03, a P/E/G ratio of 1.10 and a beta of 1.88.
A number of large investors have recently modified their holdings of TCBI. Geode Capital Management LLC lifted its stake in Texas Capital Bancshares by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 524,855 shares of the bank’s stock valued at $26,814,000 after purchasing an additional 49,522 shares during the last quarter. Raymond James & Associates lifted its stake in Texas Capital Bancshares by 40.1% in the 1st quarter. Raymond James & Associates now owns 63,862 shares of the bank’s stock valued at $3,486,000 after purchasing an additional 18,295 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Texas Capital Bancshares by 1.3% in the 1st quarter. New York State Common Retirement Fund now owns 96,700 shares of the bank’s stock valued at $5,279,000 after purchasing an additional 1,200 shares during the last quarter. US Bancorp DE lifted its stake in Texas Capital Bancshares by 145.8% in the 1st quarter. US Bancorp DE now owns 8,555 shares of the bank’s stock valued at $467,000 after purchasing an additional 5,074 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Texas Capital Bancshares by 3.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,232 shares of the bank’s stock valued at $1,704,000 after purchasing an additional 994 shares during the last quarter. 95.37% of the stock is owned by institutional investors and hedge funds.
About Texas Capital Bancshares
Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.
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