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

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

Texas Capital Bancshares Stock Performance

Shares of TCBI opened at $76.95 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a market cap of $3.56 billion, a PE ratio of 427.50, a P/E/G ratio of 0.73 and a beta of 1.17. Texas Capital Bancshares has a 12 month low of $54.68 and a 12 month high of $91.80. The stock has a fifty day moving average price of $81.95 and a 200-day moving average price of $74.23.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TCBI shares. Wedbush reiterated a “sector perform” rating on shares of Texas Capital Bancshares in a report on Friday, October 18th. Truist Financial boosted their price target on Texas Capital Bancshares from $80.00 to $86.00 and gave the company a “hold” rating in a report on Monday, October 21st. 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 report on Tuesday, January 7th. DA Davidson upped their target price on Texas Capital Bancshares from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Barclays raised their price target on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target 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.