Wall Street analysts expect Texas Capital Bancshares Inc (NASDAQ:TCBI) to announce earnings of $1.16 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Texas Capital Bancshares’ earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $1.08. Texas Capital Bancshares reported earnings per share of $0.96 during the same quarter last year, which suggests a positive year over year growth rate of 20.8%. The company is scheduled to report its next earnings report on Wednesday, January 24th.
On average, analysts expect that Texas Capital Bancshares will report full year earnings of $4.04 per share for the current financial year, with EPS estimates ranging from $3.96 to $4.12. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.15 per share, with EPS estimates ranging from $4.84 to $5.89. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Texas Capital Bancshares.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The business had revenue of $204.40 million during the quarter, compared to analyst estimates of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS.
Shares of Texas Capital Bancshares (TCBI) opened at $91.45 on Thursday. The stock has a market capitalization of $4,540.00, a PE ratio of 23.75, a PEG ratio of 1.44 and a beta of 1.66. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.22 and a current ratio of 1.27. Texas Capital Bancshares has a 1-year low of $69.65 and a 1-year high of $95.20.
In related news, COO Peter B. Bartholow sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $87.52, for a total value of $306,320.00. Following the transaction, the chief operating officer now directly owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its position in Texas Capital Bancshares by 3.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 72,759 shares of the bank’s stock worth $5,632,000 after buying an additional 2,595 shares during the period. Crossmark Global Holdings Inc. bought a new position in Texas Capital Bancshares in the 3rd quarter worth approximately $402,000. Sapience Investments LLC bought a new position in Texas Capital Bancshares in the 2nd quarter worth approximately $8,909,000. Kennedy Capital Management Inc. increased its position in Texas Capital Bancshares by 378.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 145,888 shares of the bank’s stock worth $11,292,000 after buying an additional 115,409 shares during the period. Finally, Swiss National Bank increased its position in Texas Capital Bancshares by 2.1% in the 2nd quarter. Swiss National Bank now owns 82,450 shares of the bank’s stock worth $6,382,000 after buying an additional 1,700 shares during the period.
About Texas Capital Bancshares
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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