What is DA Davidson’s Estimate for TCBI Q4 Earnings?

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Texas Capital Bancshares in a research note issued to investors on Monday, October 28th. DA Davidson analyst P. Winter forecasts that the bank will post earnings of $1.14 per share for the quarter. DA Davidson has a “Neutral” rating and a $81.00 price target on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $4.03 per share.

TCBI has been the topic of several other research reports. Raymond James upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Tuesday, September 17th. Wedbush reaffirmed a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Royal Bank of Canada increased their price target on shares of Texas Capital Bancshares from $73.00 to $83.00 and gave the stock a “sector perform” rating in a research note on Friday, October 18th. Truist Financial lifted their price objective 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. Finally, JPMorgan Chase & Co. increased their target price on Texas Capital Bancshares from $72.00 to $80.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has an average rating of “Hold” and a consensus price target of $74.00.

Texas Capital Bancshares Price Performance

Shares of TCBI stock opened at $78.18 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $3.61 billion, a P/E ratio of 434.33, a P/E/G ratio of 0.75 and a beta of 1.13. The business’s 50 day moving average price is $71.17 and its 200-day moving average price is $64.33. Texas Capital Bancshares has a fifty-two week low of $53.16 and a fifty-two week high of $82.25.

Institutional Investors Weigh In On Texas Capital Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Innealta Capital LLC purchased a new stake in Texas Capital Bancshares during the second quarter valued at approximately $26,000. Blue Trust Inc. raised its holdings in Texas Capital Bancshares by 89.9% in the 3rd quarter. Blue Trust Inc. now owns 357 shares of the bank’s stock worth $26,000 after purchasing an additional 169 shares during the period. Fidelis Capital Partners LLC purchased a new position in Texas Capital Bancshares during the first quarter valued at $54,000. CWM LLC grew its holdings in Texas Capital Bancshares by 40.8% during the second quarter. CWM LLC now owns 949 shares of the bank’s stock valued at $58,000 after purchasing an additional 275 shares during the period. Finally, Headlands Technologies LLC increased its position in Texas Capital Bancshares by 80.4% in the first quarter. Headlands Technologies LLC now owns 2,910 shares of the bank’s stock worth $179,000 after buying an additional 1,297 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.

Insiders Place Their Bets

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, October 22nd. The stock was bought at an average cost of $21.28 per share, for a total transaction of $425,600.00. Following the acquisition, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Robert W. Stallings acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average price of $20.00 per share, with a total value of $300,000.00. Following the completion of the acquisition, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $400,000. The trade was a 300.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert W. Stallings acquired 20,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average price of $21.28 per share, with a total value of $425,600.00. Following the transaction, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 49,000 shares of company stock valued at $1,004,620. Corporate insiders own 1.53% of the company’s stock.

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.