Wedbush Equities Analysts Increase Earnings Estimates for Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Wedbush raised their Q2 2024 EPS estimates for Texas Capital Bancshares in a report released on Friday, April 19th. Wedbush analyst D. Chiaverini now forecasts that the bank will post earnings of $0.85 per share for the quarter, up from their previous forecast of $0.79. Wedbush currently has a “Neutral” rating and a $61.00 target price on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $3.53 per share. Wedbush also issued estimates for Texas Capital Bancshares’ Q1 2025 earnings at $0.81 EPS, Q3 2025 earnings at $1.20 EPS and Q4 2025 earnings at $1.22 EPS.

A number of other research analysts have also weighed in on TCBI. Jefferies Financial Group dropped their price target on shares of Texas Capital Bancshares from $70.00 to $61.00 and set a “hold” rating on the stock in a research report on Monday, April 8th. JPMorgan Chase & Co. decreased their target price on Texas Capital Bancshares from $70.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, April 4th. UBS Group increased their price target on shares of Texas Capital Bancshares from $56.00 to $57.00 and gave the company a “sell” rating in a research report on Tuesday, January 23rd. Citigroup lowered their price objective on shares of Texas Capital Bancshares from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Finally, Royal Bank of Canada lowered their price target on shares of Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.58.

Texas Capital Bancshares Stock Up 1.6 %

TCBI stock opened at $60.16 on Monday. The stock’s 50 day moving average is $58.96 and its 200-day moving average is $59.04. Texas Capital Bancshares has a twelve month low of $42.79 and a twelve month high of $66.18. The firm has a market capitalization of $2.81 billion, a PE ratio of 18.23, a P/E/G ratio of 2.08 and a beta of 1.19. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 5,000 shares of Texas Capital Bancshares stock in a transaction dated Thursday, January 25th. The shares were purchased at an average cost of $19.09 per share, with a total value of $95,450.00. Following the completion of the purchase, the director now owns 117,706 shares of the company’s stock, valued at $2,247,007.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Robert W. Stallings bought 5,000 shares of Texas Capital Bancshares stock in a transaction on Thursday, January 25th. The shares were purchased at an average price of $19.09 per share, for a total transaction of $95,450.00. Following the acquisition, the director now owns 117,706 shares of the company’s stock, valued at $2,247,007.54. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas E. Long bought 2,000 shares of the stock in a transaction dated Tuesday, February 27th. The stock was purchased at an average price of $58.78 per share, with a total value of $117,560.00. Following the purchase, the director now owns 7,542 shares in the company, valued at $443,318.76. The disclosure for this purchase can be found here. Insiders have acquired a total of 23,000 shares of company stock worth $518,100 in the last 90 days. Company insiders own 1.53% of the company’s stock.

Institutional Trading of Texas Capital Bancshares

A number of hedge funds have recently made changes to their positions in TCBI. AlphaMark Advisors LLC raised its stake in Texas Capital Bancshares by 14.2% during the first quarter. AlphaMark Advisors LLC now owns 4,711 shares of the bank’s stock valued at $290,000 after buying an additional 587 shares during the last quarter. Hodges Capital Management Inc. raised its position in shares of Texas Capital Bancshares by 24.2% in the 1st quarter. Hodges Capital Management Inc. now owns 146,850 shares of the bank’s stock worth $9,039,000 after purchasing an additional 28,650 shares during the last quarter. Mather Group LLC. bought a new position in Texas Capital Bancshares in the 1st quarter worth about $50,000. CWM LLC grew its position in Texas Capital Bancshares by 426.6% during the 1st quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after purchasing an additional 546 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Texas Capital Bancshares by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock valued at $315,927,000 after purchasing an additional 68,211 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.