Equities research analysts forecast that Texas Capital Bancshares Inc (NASDAQ:TCBI) will report $1.16 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Texas Capital Bancshares’ earnings. The highest EPS estimate is $1.23 and the lowest is $1.08. Texas Capital Bancshares posted earnings of $0.96 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 20.8%. The firm is scheduled to report its next quarterly earnings results after the market closes 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 fiscal year, with EPS estimates ranging from $3.96 to $4.14. For the next year, analysts forecast that the firm will report earnings of $5.73 per share, with EPS estimates ranging from $4.84 to $6.27. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Texas Capital Bancshares.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The business had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $214.08 million. During the same period in the prior year, the company earned $0.87 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently modified their holdings of TCBI. Eagle Asset Management Inc. grew its position in Texas Capital Bancshares by 791.5% during the third quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock worth $67,448,000 after buying an additional 689,096 shares during the period. Koch Industries Inc. acquired a new position in Texas Capital Bancshares during the second quarter worth about $661,000. Balyasny Asset Management LLC grew its position in Texas Capital Bancshares by 474.5% during the second quarter. Balyasny Asset Management LLC now owns 657,805 shares of the bank’s stock worth $50,914,000 after buying an additional 543,299 shares during the period. State Street Corp grew its position in Texas Capital Bancshares by 14.8% during the second quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock worth $270,711,000 after buying an additional 449,797 shares during the period. Finally, Capital Research Global Investors grew its position in Texas Capital Bancshares by 26.5% during the second quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock worth $164,699,000 after buying an additional 445,248 shares during the period.
Texas Capital Bancshares (NASDAQ:TCBI) opened at $99.95 on Friday. Texas Capital Bancshares has a one year low of $69.65 and a one year high of $100.45. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 1.44. The stock has a market cap of $5,070.00, a PE ratio of 25.96, a PEG ratio of 1.42 and a beta of 1.66.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.