FY2024 Earnings Estimate for TCBI Issued By DA Davidson

Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) - DA Davidson boosted their FY2024 earnings per share (EPS) estimates for Texas Capital Bancshares in a note issued to investors on Monday, October 28th. DA Davidson analyst P. Winter now forecasts that the bank will post earnings of $4.14 per share for the year, up from their prior forecast of $3.47. DA Davidson has a "Neutral" rating and a $81.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares' current full-year earnings is $4.03 per share. DA Davidson also issued estimates for Texas Capital Bancshares' FY2025 earnings at $5.79 EPS.

Several other analysts have also recently weighed in on TCBI. Barclays boosted their price target on Texas Capital Bancshares from $49.00 to $60.00 and gave the stock an "underweight" rating in a report on Friday, October 18th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $74.00 price target on shares of Texas Capital Bancshares in a report on Monday, September 9th. Stephens boosted their price target on Texas Capital Bancshares from $73.00 to $75.00 and gave the stock an "overweight" rating in a report on Friday, July 19th. Hovde Group boosted their price target on Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Finally, Citigroup restated a "sell" rating and set a $60.00 price target on shares of Texas Capital Bancshares in a report on Monday, July 22nd. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Capital Bancshares currently has an average rating of "Hold" and a consensus target price of $74.00.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock traded down $0.21 during midday trading on Wednesday, reaching $77.36. The company's stock had a trading volume of 469,487 shares, compared to its average volume of 423,457. Texas Capital Bancshares has a 52 week low of $53.16 and a 52 week high of $82.25. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The business has a 50-day moving average price of $71.49 and a 200-day moving average price of $64.48. The stock has a market cap of $3.57 billion, a PE ratio of 430.94, a price-to-earnings-growth ratio of 0.75 and a beta of 1.13.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of TCBI. AQR Capital Management LLC grew its holdings in Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank's stock worth $65,219,000 after buying an additional 506,094 shares in the last quarter. American Century Companies Inc. grew its holdings in Texas Capital Bancshares by 43.8% during the second quarter. American Century Companies Inc. now owns 562,507 shares of the bank's stock worth $34,392,000 after buying an additional 171,263 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Texas Capital Bancshares by 11.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 381,462 shares of the bank's stock worth $23,323,000 after buying an additional 38,393 shares in the last quarter. Millennium Management LLC grew its holdings in Texas Capital Bancshares by 146.7% during the second quarter. Millennium Management LLC now owns 372,370 shares of the bank's stock worth $22,767,000 after buying an additional 221,454 shares in the last quarter. Finally, Clearbridge Investments LLC grew its holdings in Texas Capital Bancshares by 2.5% during the first quarter. Clearbridge Investments LLC now owns 234,227 shares of the bank's stock worth $14,417,000 after buying an additional 5,671 shares in the last quarter. Institutional investors own 96.88% of the company's stock.

Insider Buying and Selling at Texas Capital Bancshares

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

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.