DA Davidson Has Optimistic Outlook of TCBI FY2025 Earnings

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – DA Davidson increased their FY2025 earnings per share estimates for Texas Capital Bancshares in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst P. Winter now anticipates that the bank will post earnings of $5.93 per share for the year, up from their previous estimate of $5.79. DA Davidson has a “Neutral” rating and a $81.00 price objective on the stock. The consensus estimate for Texas Capital Bancshares’ current full-year earnings is $4.15 per share.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. boosted their target price on Texas Capital Bancshares from $72.00 to $80.00 and gave the company an “underweight” rating in a research note on Friday, October 18th. Royal Bank of Canada upped their price target on 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. Truist Financial lifted their price objective on Texas Capital Bancshares from $80.00 to $86.00 and gave the stock a “hold” rating in a report on Monday, October 21st. Finally, Bank of America raised shares of Texas Capital Bancshares from an “underperform” rating to a “buy” rating and upped their price objective for the company from $51.00 to $77.00 in a report on Monday, September 9th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.69.

Texas Capital Bancshares Stock Performance

Shares of TCBI stock opened at $76.77 on Friday. 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 $3.55 billion, a price-to-earnings ratio of 426.50, a P/E/G ratio of 0.80 and a beta of 1.14. Texas Capital Bancshares has a 52 week low of $54.68 and a 52 week high of $91.80. The firm’s 50-day simple moving average is $83.08 and its two-hundred day simple moving average is $70.93.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.65. Texas Capital Bancshares had a net margin of 1.40% and a return on equity of 8.06%. The company had revenue of $304.91 million for the quarter, compared to the consensus estimate of $279.64 million.

Insider Buying and Selling at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The stock was bought at an average price of $21.28 per share, with a total value of $425,600.00. Following the completion of the acquisition, the director now owns 84,587 shares of the company’s stock, valued at $1,800,011.36. This trade represents a 30.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Texas Capital Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of TCBI. Algert Global LLC lifted its holdings in shares of Texas Capital Bancshares by 367.3% during the 3rd quarter. Algert Global LLC now owns 22,316 shares of the bank’s stock worth $1,595,000 after acquiring an additional 17,540 shares during the last quarter. AQR Capital Management LLC lifted its stake in Texas Capital Bancshares by 87.0% during the second quarter. AQR Capital Management LLC now owns 1,087,715 shares of the bank’s stock worth $65,219,000 after purchasing an additional 506,094 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Texas Capital Bancshares by 107.2% in the 3rd quarter. Jane Street Group LLC now owns 132,672 shares of the bank’s stock worth $9,481,000 after purchasing an additional 68,632 shares in the last quarter. TD Asset Management Inc increased its position in shares of Texas Capital Bancshares by 26.6% during the 2nd quarter. TD Asset Management Inc now owns 34,278 shares of the bank’s stock valued at $2,096,000 after purchasing an additional 7,200 shares during the last quarter. Finally, Hodges Capital Management Inc. raised its holdings in shares of Texas Capital Bancshares by 22.0% during the 2nd quarter. Hodges Capital Management Inc. now owns 179,098 shares of the bank’s stock valued at $10,950,000 after buying an additional 32,248 shares in the last quarter. Hedge funds and other institutional investors own 96.88% 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.