Texas Capital Bancshares (NASDAQ:TCBI) Announces Earnings Results, Beats Expectations By $0.30 EPS

Texas Capital Bancshares (NASDAQ:TCBI) issued its quarterly earnings data on Thursday. The bank reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.30, FiscalAI reports. Texas Capital Bancshares had a net margin of 15.14% and a return on equity of 9.51%. The firm had revenue of $327.48 million during the quarter, compared to analysts’ expectations of $324.09 million.

Texas Capital Bancshares Stock Up 5.1%

Shares of TCBI stock opened at $102.28 on Thursday. The stock has a market cap of $4.67 billion, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 0.69 and a beta of 0.67. Texas Capital Bancshares has a one year low of $59.37 and a one year high of $102.65. The stock has a fifty day moving average price of $92.80 and a 200 day moving average price of $87.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.00 and a quick ratio of 1.00.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 5,000 shares of the company’s stock in a transaction dated Monday, October 27th. The stock was bought at an average price of $20.68 per share, for a total transaction of $103,400.00. Following the purchase, the director owned 275,913 shares in the company, valued at $5,705,880.84. This represents a 1.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.72% of the stock is owned by company insiders.

Institutional Trading of Texas Capital Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in Texas Capital Bancshares by 25.1% in the third quarter. AQR Capital Management LLC now owns 1,919,194 shares of the bank’s stock worth $162,229,000 after purchasing an additional 384,748 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Texas Capital Bancshares by 3.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 560,070 shares of the bank’s stock valued at $41,837,000 after purchasing an additional 20,231 shares during the period. UBS Group AG raised its holdings in shares of Texas Capital Bancshares by 56.8% in the 3rd quarter. UBS Group AG now owns 403,692 shares of the bank’s stock worth $34,124,000 after buying an additional 146,181 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Texas Capital Bancshares by 49.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 397,927 shares of the bank’s stock worth $33,636,000 after buying an additional 132,127 shares during the period. Finally, Bank of America Corp DE boosted its stake in Texas Capital Bancshares by 36.3% in the 3rd quarter. Bank of America Corp DE now owns 357,407 shares of the bank’s stock valued at $30,212,000 after buying an additional 95,128 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TCBI shares. DA Davidson reissued a “neutral” rating and set a $91.00 price objective on shares of Texas Capital Bancshares in a report on Thursday, November 20th. Hovde Group increased their price target on Texas Capital Bancshares from $85.00 to $93.00 and gave the company a “market perform” rating in a report on Thursday, October 23rd. Keefe, Bruyette & Woods boosted their price objective on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Weiss Ratings upgraded shares of Texas Capital Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 31st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $105.00 target price on shares of Texas Capital Bancshares in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $93.09.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.