Texas Capital Bancshares (NASDAQ:TCBI) Releases Earnings Results, Misses Estimates By $0.07 EPS

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.07), Zacks reports. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. The company had revenue of $280.48 million during the quarter, compared to the consensus estimate of $284.40 million.

Texas Capital Bancshares Trading Down 2.8 %

TCBI stock traded down $1.82 during midday trading on Monday, hitting $64.21. The company had a trading volume of 782,350 shares, compared to its average volume of 444,143. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 52 week low of $56.24 and a 52 week high of $91.80. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 50.16, a PEG ratio of 0.75 and a beta of 0.74. The stock's 50 day moving average price is $73.26 and its 200 day moving average price is $78.12.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TCBI. Hovde Group dropped their price objective on Texas Capital Bancshares from $84.00 to $75.00 and set a "market perform" rating on the stock in a research note on Monday. Keefe, Bruyette & Woods lowered their target price on shares of Texas Capital Bancshares from $92.00 to $86.00 and set an "outperform" rating on the stock in a report on Monday. Raymond James dropped their price objective on Texas Capital Bancshares from $87.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday. Piper Sandler reduced their target price on shares of Texas Capital Bancshares from $84.00 to $74.00 and set a "neutral" rating for the company in a research note on Monday. Finally, Barclays dropped their price target on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $76.64.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings bought 2,006 shares of Texas Capital Bancshares stock in a transaction dated Monday, January 27th. The shares were purchased at an average cost of $20.99 per share, with a total value of $42,105.94. Following the completion of the purchase, the director now owns 182,899 shares of the company's stock, valued at approximately $3,839,050.01. This represents a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought 29,402 shares of company stock valued at $653,787 in the last quarter. Company insiders own 1.72% 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.