Texas Capital Bancshares (NASDAQ:TCBI) Releases Earnings Results, Beats Estimates By $0.36 EPS

Texas Capital Bancshares (NASDAQ:TCBI) posted its quarterly 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 net margin of 1.40% and a return on equity of 8.06%.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI opened at $80.56 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.22. Texas Capital Bancshares has a 12-month low of $54.68 and a 12-month high of $91.80. The company’s 50 day moving average price is $82.18 and its two-hundred day moving average price is $74.21. The firm 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.

Analysts Set New Price Targets

Several research firms recently issued reports on TCBI. 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 report on Friday, October 18th. Wedbush restated a “sector perform” rating on shares of Texas Capital Bancshares in a research note on Friday, October 18th. Barclays lifted their price target on shares of Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Hovde Group lifted their target price on shares of Texas Capital Bancshares from $73.00 to $79.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their price target on Texas Capital Bancshares from $86.00 to $81.00 and set an “underweight” rating for the company in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Texas Capital Bancshares presently has a consensus 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.