DA Davidson Brokers Reduce Earnings Estimates for Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) - Investment analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a research report issued on Thursday, October 3rd. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $5.37 per share for the year, down from their prior forecast of $5.45. DA Davidson has a "Neutral" rating and a $74.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares' current full-year earnings is $3.53 per share.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. upped their price target on Texas Capital Bancshares from $70.00 to $73.00 and gave the company an "underweight" rating in a research report on Monday, September 9th. Wedbush raised their price target on Texas Capital Bancshares from $70.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Citigroup reiterated a "sell" rating and issued a $60.00 price target on shares of Texas Capital Bancshares in a report on Monday, July 22nd. Jefferies Financial Group dropped their target price on shares of Texas Capital Bancshares from $64.00 to $61.00 and set a "hold" rating for the company in a research report on Wednesday, July 3rd. Finally, Truist Financial boosted their price target on shares of Texas Capital Bancshares from $70.00 to $80.00 and gave the company a "hold" rating in a research report on Friday, September 20th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of "Hold" and an average price target of $69.20.

Texas Capital Bancshares Trading Up 0.3 %

Shares of Texas Capital Bancshares stock traded up $0.21 during trading on Monday, reaching $72.21. 250,091 shares of the stock were exchanged, compared to its average volume of 418,870. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.23. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. Texas Capital Bancshares has a 1 year low of $52.89 and a 1 year high of $74.57. The stock's fifty day moving average is $66.23 and its 200 day moving average is $62.37.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.06). Texas Capital Bancshares had a net margin of 8.08% and a return on equity of 6.05%. The firm had revenue of $472.49 million for the quarter, compared to analysts' expectations of $268.02 million. During the same period in the previous year, the company earned $1.33 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Innealta Capital LLC purchased a new stake in Texas Capital Bancshares in the second quarter worth approximately $26,000. CWM LLC grew its holdings in shares of Texas Capital Bancshares by 426.6% in the first quarter. CWM LLC now owns 674 shares of the bank's stock worth $41,000 after acquiring an additional 546 shares during the period. Mather Group LLC. purchased a new stake in Texas Capital Bancshares during the first quarter valued at $50,000. Fidelis Capital Partners LLC purchased a new position in Texas Capital Bancshares in the first quarter worth about $54,000. Finally, Headlands Technologies LLC increased its position in shares of Texas Capital Bancshares by 80.4% during the 1st quarter. Headlands Technologies LLC now owns 2,910 shares of the bank's stock valued at $179,000 after purchasing an additional 1,297 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert W. Stallings acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, July 25th. The shares were bought at an average cost of $20.62 per share, with a total value of $82,480.00. Following the transaction, the director now owns 12,794 shares of the company's stock, valued at $263,812.28. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 4,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were acquired at an average cost of $20.62 per share, with a total value of $82,480.00. Following the transaction, the director now owns 12,794 shares of the company's stock, valued at $263,812.28. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert W. Stallings purchased 10,000 shares of the stock in a transaction dated Monday, July 29th. The shares were acquired at an average cost of $20.46 per share, for a total transaction of $204,600.00. Following the completion of the acquisition, the director now owns 31,294 shares of the company's stock, valued at approximately $640,275.24. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 43,500 shares of company stock worth $876,400 over the last three months. 0.99% of the stock is currently owned by corporate 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.