Q2 2024 EPS Estimates for Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Lifted by Wedbush

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Analysts at Wedbush boosted their Q2 2024 EPS estimates for Texas Capital Bancshares in a note issued to investors on Friday, April 19th. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $0.85 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.

Several other research firms have also recently weighed in on TCBI. Royal Bank of Canada lowered their target price on Texas Capital Bancshares from $68.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 9th. Mizuho reaffirmed a “hold” rating and set a $66.00 price objective (down from $72.00) on shares of Texas Capital Bancshares in a research report on Monday, April 1st. Keefe, Bruyette & Woods cut their target price on shares of Texas Capital Bancshares from $76.00 to $74.00 and set an “outperform” rating for the company in a research report on Monday. Hovde Group decreased their target price on shares of Texas Capital Bancshares from $87.50 to $61.50 and set a “market perform” rating for the company in a research note on Friday, April 19th. Finally, Stephens dropped their price target on shares of Texas Capital Bancshares from $78.00 to $73.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $63.58.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $60.16 on Monday. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 2.08 and a beta of 1.19. Texas Capital Bancshares has a 1-year low of $42.79 and a 1-year high of $66.18. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $58.96 and its 200-day simple moving average is $59.04.

Institutional Investors Weigh In On Texas Capital Bancshares

A number of hedge funds have recently added to or reduced their stakes in the stock. AlphaMark Advisors LLC increased its stake in shares of Texas Capital Bancshares by 14.2% in the 1st 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 period. Hodges Capital Management Inc. grew its position in shares of Texas Capital Bancshares by 24.2% during the 1st quarter. Hodges Capital Management Inc. now owns 146,850 shares of the bank’s stock worth $9,039,000 after buying an additional 28,650 shares during the period. Mather Group LLC. bought a new stake in shares of Texas Capital Bancshares during the first quarter worth approximately $50,000. CWM LLC lifted its holdings in Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank’s stock valued at $41,000 after buying an additional 546 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Texas Capital Bancshares by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,888,236 shares of the bank’s stock valued at $315,927,000 after acquiring an additional 68,211 shares during the last quarter. Institutional investors own 96.88% of the company’s stock.

Insider Activity at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Thomas E. Long purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was bought at an average cost of $58.78 per share, for a total transaction of $117,560.00. Following the completion of the acquisition, the director now directly owns 7,542 shares in the company, valued at $443,318.76. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Thomas E. Long bought 2,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, February 27th. The shares were bought at an average price of $58.78 per share, for a total transaction of $117,560.00. Following the purchase, the director now owns 7,542 shares of the company’s stock, valued at $443,318.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert W. Stallings purchased 6,000 shares of Texas Capital Bancshares stock in a transaction on Monday, February 5th. The stock was purchased at an average price of $18.64 per share, for a total transaction of $111,840.00. Following the completion of the transaction, the director now owns 146,706 shares of the company’s stock, valued at $2,734,599.84. The disclosure for this purchase can be found here. In the last three months, insiders have bought 23,000 shares of company stock worth $518,100. 1.53% of the stock is owned by insiders.

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.