Texas Capital Bancshares (NASDAQ:TCBI) Announces Quarterly Earnings Results, Beats Expectations By $0.36 EPS

Texas Capital Bancshares (NASDAQ:TCBI) announced its quarterly earnings results on Thursday. The bank reported $1.43 earnings per share for the quarter, beating 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

Texas Capital Bancshares stock opened at $80.56 on Thursday. Texas Capital Bancshares has a 1 year low of $54.68 and a 1 year high of $91.80. The company’s 50-day moving average is $82.18 and its two-hundred day moving average is $74.21. 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 company has a market cap of $3.72 billion, a PE ratio of 447.56, a PEG ratio of 0.74 and a beta of 1.17.

Wall Street Analyst Weigh In

TCBI has been the topic of several analyst reports. Hovde Group upped their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Piper Sandler cut shares of Texas Capital Bancshares from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $77.00 to $82.00 in a research note on Friday, October 18th. JPMorgan Chase & Co. cut their target price on shares of Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating for the company in a research note on Tuesday, January 7th. StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, 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. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $74.75.

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.