Texas Capital Bancshares (TCBI) Scheduled to Post Quarterly Earnings on Tuesday
Texas Capital Bancshares (NASDAQ:TCBI) will issue its quarterly earnings data on Tuesday, January 23rd. Analysts expect the company to announce earnings of $1.15 per share for the quarter.
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 consensus estimate of $1.11 by $0.01. The company had revenue of $204.40 million for the quarter, compared to analyst estimates of $214.08 million. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 EPS. On average, analysts expect Texas Capital Bancshares to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Texas Capital Bancshares (NASDAQ TCBI) opened at $98.60 on Tuesday. The stock has a market cap of $4,890.00, a P/E ratio of 25.61, a P/E/G ratio of 1.43 and a beta of 1.66. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 1.44. Texas Capital Bancshares has a 1-year low of $69.65 and a 1-year high of $99.35.
In related news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the sale, the chief operating officer now directly owns 34,171 shares in the company, valued at approximately $2,990,645.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by company 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.
Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.