Texas Capital Bancshares (TCBI) to Release Earnings on Wednesday
Texas Capital Bancshares (NASDAQ:TCBI) is scheduled to issue its Q313 quarterly earnings data on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.77 per share and revenue of $107.21 million for the quarter.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.52 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.80 by $0.28. During the same quarter last year, the company posted $0.76 earnings per share. On average, analysts expect Texas Capital Bancshares to post $2.88 EPS for the current fiscal year and $3.32 EPS for the next fiscal year.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded down 0.28% during mid-day trading on Tuesday, hitting $48.355. 247,295 shares of the company’s stock traded hands. Texas Capital Bancshares has a 52-week low of $36.75 and a 52-week high of $50.15. The stock’s 50-day moving average is $45.99 and its 200-day moving average is $44.72. The company has a market cap of $1.976 billion and a price-to-earnings ratio of 16.92.
A number of analysts have recently weighed in on TCBI shares. Analysts at Jefferies Group initiated coverage on shares of Texas Capital Bancshares in a research note to investors on Monday, October 14th. They set a “buy” rating and a $55.00 price target on the stock. On the ratings front, analysts at Merrill Lynch initiated coverage on shares of Texas Capital Bancshares in a research note to investors on Wednesday, October 9th. They set a “buy” rating on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Texas Capital Bancshares in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $55.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Texas Capital Bancshares has a consensus rating of “Buy” and an average price target of $45.26.
Texas Capital Bancshares, Inc, is a financial holding company. The Company is the parent of Texas Capital Bank, National Association (NASDAQ:TCBI).
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