Texas Capital Bancshares (NASDAQ:TCBI) Issues Quarterly Earnings Results

Texas Capital Bancshares (NASDAQ:TCBI) announced its quarterly earnings data on Thursday. The bank reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.36, Zacks reports. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%.

Texas Capital Bancshares Stock Performance

Texas Capital Bancshares stock opened at $76.95 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $3.56 billion, a P/E ratio of 427.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.17. Texas Capital Bancshares has a 1-year low of $54.68 and a 1-year high of $91.80. The company’s 50-day moving average is $81.95 and its 200 day moving average is $74.23.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Hovde Group lifted their price target on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a report on Friday, October 18th. StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday. DA Davidson increased their price target on Texas Capital Bancshares from $73.00 to $81.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 7th. Finally, Truist Financial increased their target price on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a research report on Monday, October 21st. Four 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $75.93.

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.