Q4 Earnings Forecast for TCBI Issued By DA Davidson

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) - Stock analysts at DA Davidson issued their Q4 2024 EPS estimates for shares of Texas Capital Bancshares in a report released on Monday, October 28th. DA Davidson analyst P. Winter anticipates that the bank will earn $1.14 per share for the quarter. DA Davidson has a "Neutral" rating and a $81.00 price target on the stock. The consensus estimate for Texas Capital Bancshares' current full-year earnings is $4.03 per share.

TCBI has been the subject of a number of other research reports. Royal Bank of Canada increased their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the company a "sector perform" rating in a report on Friday, October 18th. Truist Financial increased their price target on shares of Texas Capital Bancshares from $80.00 to $86.00 and gave the company a "hold" rating in a report on Monday, October 21st. Wedbush reiterated a "sector perform" rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Piper Sandler downgraded shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and increased their price target for the company from $77.00 to $82.00 in a report on Friday, October 18th. Finally, Citigroup restated a "sell" rating and set a $60.00 target price on shares of Texas Capital Bancshares in a report on Monday, July 22nd. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $74.00.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock traded down $0.61 during trading hours on Tuesday, reaching $77.57. 366,629 shares of the stock were exchanged, compared to its average volume of 423,237. The stock has a market cap of $3.58 billion, a P/E ratio of 430.94, a P/E/G ratio of 0.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares has a 52-week low of $53.16 and a 52-week high of $82.25. The firm's 50 day moving average is $71.49 and its 200 day moving average is $64.48.

Insiders Place Their Bets

In other news, Director Robert W. Stallings purchased 15,000 shares of the firm's stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of $20.00 per share, with a total value of $300,000.00. Following the purchase, the director now directly owns 20,000 shares of the company's stock, valued at approximately $400,000. This trade represents a 300.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Robert W. Stallings bought 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 22nd. The shares were acquired at an average cost of $21.28 per share, with a total value of $425,600.00. Following the completion of the transaction, the director now owns 84,587 shares of the company's stock, valued at approximately $1,800,011.36. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert W. Stallings bought 15,000 shares of the firm's stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $20.00 per share, for a total transaction of $300,000.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at approximately $400,000. The trade was a 300.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 49,000 shares of company stock valued at $1,004,620 in the last ninety days. Insiders own 1.53% of the company's stock.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds have recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in Texas Capital Bancshares in the second quarter valued at approximately $26,000. Blue Trust Inc. raised its holdings in Texas Capital Bancshares by 89.9% in the third quarter. Blue Trust Inc. now owns 357 shares of the bank's stock valued at $26,000 after buying an additional 169 shares during the period. Fidelis Capital Partners LLC purchased a new position in Texas Capital Bancshares in the first quarter valued at approximately $54,000. CWM LLC raised its holdings in Texas Capital Bancshares by 40.8% in the second quarter. CWM LLC now owns 949 shares of the bank's stock valued at $58,000 after buying an additional 275 shares during the period. Finally, Headlands Technologies LLC raised its holdings in Texas Capital Bancshares by 80.4% in the first quarter. Headlands Technologies LLC now owns 2,910 shares of the bank's stock valued at $179,000 after buying an additional 1,297 shares during the period. 96.88% of the stock is owned by institutional investors and hedge funds.

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.