Texas Capital Bancshares, Inc. (TCBI) Scheduled to Post Quarterly Earnings on Wednesday
Texas Capital Bancshares, Inc. (NASDAQ:TCBI) is scheduled to issue its quarterly earnings data on Wednesday, October 18th. Analysts expect the company to announce earnings of $1.10 per share for the quarter.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. The firm had revenue of $201.73 million for the quarter, compared to the consensus estimate of $197.10 million. During the same period in the prior year, the business posted $0.78 earnings per share. On average, analysts expect Texas Capital Bancshares to post $4.00 EPS for the current fiscal year and $4.97 EPS for the next fiscal year.
Shares of Texas Capital Bancshares, Inc. (NASDAQ TCBI) opened at 86.35 on Wednesday. The stock has a 50 day moving average price of $79.05 and a 200 day moving average price of $77.93. Texas Capital Bancshares, Inc. has a one year low of $54.20 and a one year high of $93.35. The stock has a market capitalization of $4.28 billion, a P/E ratio of 23.97 and a beta of 1.68.
A number of research analysts have commented on TCBI shares. Jefferies Group LLC restated a “buy” rating and set a $104.00 price target on shares of Texas Capital Bancshares in a research note on Friday, July 14th. ValuEngine upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a research note on Tuesday, July 11th. SunTrust Banks, Inc. restated a “buy” rating and set a $90.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, October 4th. Finally, Barclays PLC restated an “equal weight” rating and set a $80.00 price target (up from $75.00) on shares of Texas Capital Bancshares in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $87.33.
In related news, insider C Keith Cargill acquired 3,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $74.15 per share, with a total value of $222,450.00. Following the completion of the transaction, the insider now owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.47% of the stock is currently owned by corporate insiders.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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