Texas Capital Bancshares (TCBI) Projected to Post Quarterly Earnings on Thursday

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $1.07 per share and revenue of $284,027.35 billion for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.65. Texas Capital Bancshares had a return on equity of 8.06% and a net margin of 1.40%. The company had revenue of $304.91 million during the quarter, compared to the consensus estimate of $279.64 million. On average, analysts expect Texas Capital Bancshares to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBI traded up $0.05 on Thursday, hitting $78.96. The company had a trading volume of 491,762 shares, compared to its average volume of 460,936. The company has a market cap of $3.65 billion, a PE ratio of 438.67, a PEG ratio of 0.66 and a beta of 1.17. The business has a 50 day moving average of $82.80 and a 200 day moving average of $73.51. Texas Capital Bancshares has a 52-week low of $54.68 and a 52-week high of $91.80. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TCBI shares. Piper Sandler downgraded shares of Texas Capital Bancshares from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $77.00 to $82.00 in a report on Friday, October 18th. Barclays raised their target price on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on Texas Capital Bancshares from $86.00 to $81.00 and set an "underweight" rating for the company in a report on Tuesday, January 7th. Truist Financial raised their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a "hold" rating in a report on Monday, October 21st. Finally, StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $74.75.

Insider Buying and Selling

In related news, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction on Tuesday, October 22nd. The shares were bought at an average price of $21.28 per share, for a total transaction of $425,600.00. Following the completion of the purchase, the director now directly owns 84,587 shares in the company, valued at $1,800,011.36. This trade represents a 30.97 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.53% of the stock is owned by corporate insiders.

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.