Texas Capital Bancshares (TCBI) to Release Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) will likely be releasing its earnings data before the market opens on Thursday, April 17th. Analysts expect Texas Capital Bancshares to post earnings of $0.94 per share and revenue of $284.40 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. On average, analysts expect Texas Capital Bancshares to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Capital Bancshares Trading Up 1.2 %

Shares of TCBI stock traded up $0.76 on Tuesday, hitting $64.21. The company had a trading volume of 564,395 shares, compared to its average volume of 441,465. The firm has a market cap of $2.96 billion, a P/E ratio of 50.16, a P/E/G ratio of 0.75 and a beta of 0.74. The stock's 50-day moving average is $74.29 and its two-hundred day moving average is $78.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares has a twelve month low of $54.68 and a twelve month high of $91.80.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TCBI shares. DA Davidson decreased their price objective on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating for the company in a research report on Friday, January 24th. Stephens lowered their target price on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 28th. StockNews.com raised shares of Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Barclays cut their price objective on shares of Texas Capital Bancshares from $73.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $95.00 price objective (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $80.36.

Insider Activity

In other news, Director Robert W. Stallings purchased 5,670 shares of the company's stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of $27.60 per share, with a total value of $156,492.00. Following the transaction, the director now directly owns 180,893 shares of the company's stock, valued at approximately $4,992,646.80. This represents a 3.24 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 29,402 shares of company stock valued at $653,787 in the last three months. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Company Profile

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.