Texas Capital Bancshares (NASDAQ:TCBI) Posts Earnings Results, Beats Estimates By $0.36 EPS

Texas Capital Bancshares (NASDAQ:TCBI) announced 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 net margin of 1.40% and a return on equity of 8.06%.

Texas Capital Bancshares Trading Down 1.2 %

Shares of TCBI stock opened at $80.56 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. Texas Capital Bancshares has a 52-week low of $54.68 and a 52-week high of $91.80. The business’s fifty day moving average is $82.18 and its 200 day moving average is $74.21. The company has a market capitalization of $3.72 billion, a PE ratio of 447.56, a price-to-earnings-growth ratio of 0.74 and a beta of 1.17.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on shares of Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. 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 research report on Friday, October 18th. Barclays raised their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.75.

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.