Texas Capital Bancshares (TCBI) Releases Quarterly Earnings, Misses Expectations By $0.03 EPS
Texas Capital Bancshares (NASDAQ:TCBI) posted its quarterly earnings results on Wednesday. The company reported $0.74 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.03, Analyst Ratings.Net reports. During the same quarter last year, the company posted $0.80 earnings per share.
TCBI has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $45.26.
Texas Capital Bancshares (NASDAQ:TCBI) traded down 1.06% on Wednesday, hitting $47.80. 449,997 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 $52.17. The stock’s 50-day moving average is $45.31 and its 200-day moving average is $43.82. The company has a market cap of $1.953 billion and a price-to-earnings ratio of 16.86.
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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