Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) issued its quarterly earnings results on Thursday. The bank reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.36, Zacks reports. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%.
Texas Capital Bancshares Stock Down 4.5 %
Shares of NASDAQ:TCBI traded down $3.61 during trading on Thursday, reaching $76.95. 891,303 shares of the company traded hands, compared to its average volume of 506,186. The firm has a fifty day simple moving average of $82.18 and a 200 day simple moving average of $74.21. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The firm has a market cap of $3.56 billion, a P/E ratio of 427.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.17.
Analyst Ratings Changes
A number of equities research analysts have weighed in on TCBI shares. Royal Bank of Canada upped 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. DA Davidson increased their target price on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Wedbush restated a "sector perform" rating on shares of Texas Capital Bancshares in a research report on Friday, October 18th. Piper Sandler downgraded Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $77.00 to $82.00 in a research report on Friday, October 18th. Finally, Hovde Group lifted their target price 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. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Texas Capital Bancshares presently has a consensus rating of "Hold" and an average price target of $74.75.
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About Texas Capital Bancshares
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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.
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