Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) will announce its earnings results before the market opens on Thursday, April 20th. Analysts expect the company to announce earnings of $0.88 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last issued its earnings results on Wednesday, January 18th. The bank reported $0.87 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.11). Texas Capital Bancshares had a net margin of 22.26% and a return on equity of 6.04%. The firm had revenue of $525.27 million during the quarter, compared to analyst estimates of $272.34 million. On average, analysts expect Texas Capital Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Texas Capital Bancshares Trading Down 0.2 %
TCBI opened at $49.36 on Thursday. The stock has a market cap of $2.38 billion, a PE ratio of 7.90, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27. The company has a fifty day moving average of $59.10 and a 200-day moving average of $59.60. Texas Capital Bancshares has a twelve month low of $45.81 and a twelve month high of $69.26. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.34.
Analyst Upgrades and Downgrades
Insiders Place Their Bets
In other Texas Capital Bancshares news, Director Robert W. Stallings bought 3,000 shares of Texas Capital Bancshares stock in a transaction dated Thursday, February 16th. The shares were acquired at an average cost of $21.94 per share, with a total value of $65,820.00. Following the acquisition, the director now directly owns 30,000 shares of the company’s stock, valued at $658,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Robert W. Stallings acquired 10,000 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was purchased at an average cost of $21.18 per share, for a total transaction of $211,800.00. Following the completion of the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $953,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert W. Stallings acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 16th. The stock was purchased at an average cost of $21.94 per share, for a total transaction of $65,820.00. Following the completion of the purchase, the director now directly owns 30,000 shares of the company’s stock, valued at $658,200. The disclosure for this purchase can be found here. Insiders purchased 19,888 shares of company stock valued at $430,333 over the last quarter. Insiders own 0.99% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of TCBI. Captrust Financial Advisors boosted its stake in Texas Capital Bancshares by 12.9% during the fourth quarter. Captrust Financial Advisors now owns 8,873 shares of the bank’s stock worth $535,000 after acquiring an additional 1,015 shares in the last quarter. Guggenheim Capital LLC boosted its stake in Texas Capital Bancshares by 26.9% in the 1st quarter. Guggenheim Capital LLC now owns 9,193 shares of the bank’s stock worth $527,000 after purchasing an additional 1,947 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Texas Capital Bancshares during the 3rd quarter valued at approximately $522,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth $487,000. Finally, Royal Bank of Canada boosted its position in shares of Texas Capital Bancshares by 13.7% during the 3rd quarter. Royal Bank of Canada now owns 7,571 shares of the bank’s stock valued at $447,000 after acquiring an additional 913 shares during the last quarter. 96.91% of the stock is owned by institutional investors.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is the holding company of Texas Capital Bank, which engages in the provision of financial services and customized solutions to businesses, entrepreneurs, and individual customers. The company was founded by George F. Jones, Jr. and Joseph M. Grant in November 1996 and is headquartered in Dallas, TX.
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