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

Texas Capital Bancshares (NASDAQ:TCBI) announced its quarterly earnings results on Thursday. The bank reported $1.43 EPS for the quarter, topping 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 Stock Performance

Shares of NASDAQ:TCBI opened at $77.45 on Friday. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 430.28, a PEG 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 firm’s 50-day moving average is $81.75 and its 200 day moving average is $74.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Friday. DA Davidson decreased their price target on shares of Texas Capital Bancshares from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays boosted their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Royal Bank of Canada boosted 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. Finally, StockNews.com cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus target price of $76.27.

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.