Texas Capital Bancshares Inc (TCBI) Expected to Post Earnings of $1.52 Per Share

Equities research analysts expect Texas Capital Bancshares Inc (NASDAQ:TCBI) to post earnings of $1.52 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Texas Capital Bancshares’ earnings, with estimates ranging from $1.44 to $1.60. Texas Capital Bancshares reported earnings per share of $0.97 in the same quarter last year, which would suggest a positive year-over-year growth rate of 56.7%. The firm is scheduled to issue its next earnings results on Wednesday, July 18th.

According to Zacks, analysts expect that Texas Capital Bancshares will report full year earnings of $6.16 per share for the current financial year, with EPS estimates ranging from $5.82 to $6.55. For the next year, analysts expect that the business will report earnings of $6.86 per share, with EPS estimates ranging from $6.45 to $7.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, April 18th. The bank reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Texas Capital Bancshares had a return on equity of 12.00% and a net margin of 22.07%. The business had revenue of $230.25 million during the quarter, compared to analysts’ expectations of $225.43 million. During the same period in the prior year, the business earned $0.80 EPS.

A number of equities analysts have weighed in on TCBI shares. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Hovde Group set a $105.00 price target on Texas Capital Bancshares and gave the stock a “hold” rating in a research report on Monday, April 23rd. Jefferies Group reaffirmed a “buy” rating and set a $103.00 price target on shares of Texas Capital Bancshares in a research report on Thursday, April 19th. Stephens reaffirmed a “hold” rating on shares of Texas Capital Bancshares in a research report on Tuesday, March 6th. Finally, ValuEngine raised Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, May 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $101.04.

Texas Capital Bancshares opened at $99.10 on Friday, according to Marketbeat.com. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $103.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 1.20. The company has a market cap of $4.92 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 1.34 and a beta of 1.76.

In other news, Director Ian J. Turpin sold 1,186 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $89.55, for a total value of $106,206.30. Following the completion of the sale, the director now owns 9,491 shares of the company’s stock, valued at approximately $849,919.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.48% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hodges Capital Management Inc. acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at approximately $200,000. Castleark Management LLC acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $222,000. Commonwealth Equity Services LLC acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at approximately $222,000. Sentry Investments Corp. acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at approximately $224,000. Finally, Legato Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter valued at approximately $227,000.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

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