Jefferies Financial Group comments on Texas Capital Bancshares, Inc. earnings for the third quarter of 2021 (NASDAQ: TCBI)
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) – Jefferies Financial Group increased its estimate of third quarter 2021 earnings per share (EPS) for shares of Texas Capital Bancshares in a report released on Sunday, July 11. Jefferies Financial Group analyst C. Haire now expects the bank to post earnings of $ 1.22 per share for the quarter, up from its previous forecast of $ 1.20. Jefferies Financial Group has a “Hold” rating and a target price of $ 68.00 for the stock. Jefferies Financial Group also released estimates for Texas Capital Bancshares’ earnings for fiscal 2021 at $ 4.95 per share and earnings for fiscal 2022 at $ 4.50 per share. Texas Capital Bancshares (NASDAQ: TCBI) last released its quarterly results on Tuesday, April 20. The bank reported earnings per share of $ 1.33 for the quarter, beating the Zacks’ consensus estimate of $ 1.10 by $ 0.23. The company posted revenue of $ 239.17 million in the quarter, compared to a consensus estimate of $ 251.98 million. Texas Capital Bancshares had a net margin of 12.99% and a return on equity of 7.68%. During the same period of the previous year, the company posted ($ 0.38) earnings per share.
A number of other brokerages have also recently published reports on TCBI. Janney Montgomery Scott upgraded Texas Capital Bancshares shares from a “neutral” rating to a “buy” rating in a report released on Wednesday, April 7. Truist Securities upgraded Texas Capital Bancshares shares from a “hold” rating to a “buy” rating and increased its price target for the company from $ 73.00 to $ 85 in a report released on Tuesday 11 May. Raymond James downgraded Texas Capital Bancshares shares from a “market performance” rating to an “outperformance” rating and set a price target of $ 78.00 for the company in a report released on Thursday 8th. July. Stephens upgraded Texas Capital Bancshares shares from “on par” to “overweight” and raised their price target for the company from $ 73.00 to $ 77.00 in a report released on Thursday. July 8. Finally, Truist upgraded Texas Capital Bancshares shares from a “hold” rating to a “buy” rating and increased its price target for the company from $ 73.00 to $ 85 in a report released on Tuesday, May 11. . One investment analyst rated the stock with a sell rating, five assigned a conservation rating, and seven issued a buy rating for the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $ 67.79.
NASDAQ TCBI shares opened at $ 65.30 on Tuesday. The company has a market cap of $ 3.30 billion, a PE ratio of 23.16, a P / E / G ratio of 1.67 and a beta of 1.83. The company’s 50-day mobile average price is $ 67.17. The company has a debt to equity ratio of 1.13, a quick ratio of 1.08, and a current ratio of 1.09. Texas Capital Bancshares has a 52-week low of $ 25.80 and a 52-week high of $ 93.26.
In other Texas Capital Bancshares news, director Robert W. Stallings bought 5,000 shares of Texas Capital Bancshares in a transaction that took place on Friday, April 23. The stock was purchased at an average price of $ 64.98 per share, for a total transaction of $ 324,900.00. Following the completion of the acquisition, the Director now owns 16,987 shares of the company, valued at approximately $ 1,103,815.26. The purchase was disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via this hyperlink. Additionally, director Jonathan Baliff sold 976 shares in a trade on Thursday, May 27. The stock was sold for an average price of $ 69.16, for a total trade of $ 67,500.16. As a result of the transaction, the Director now owns 5,257 shares of the company, valued at approximately $ 363,574.12. Disclosure of this sale can be found here. Company insiders own 0.64% of the company’s shares.
A number of hedge funds and other institutional investors have recently bought and sold shares of TCBI. Sowell Financial Services LLC increased its position in Texas Capital Bancshares by 17,450.0% during the first quarter. Sowell Financial Services LLC now owns 351 shares of the bank valued at $ 25,000 after acquiring 349 additional shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in Texas Capital Bancshares during the first quarter valued at $ 61,000. Steward Partners Investment Advisory LLC increased its position in Texas Capital Bancshares by 925.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,108 shares of the bank valued at $ 66,000 after acquiring an additional 1,000 shares in the last quarter. TCTC Holdings LLC purchased a new stake in Texas Capital Bancshares during the first quarter valued at $ 71,000. Finally, Convergence Investment Partners LLC purchased a new stake in Texas Capital Bancshares during the first quarter for a value of $ 102,000.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is the banking holding company of Texas Capital Bank, a national association that provides a variety of banking products and services to business enterprises, professionals and entrepreneurs. It offers business depository products and services, including commercial checking accounts, safe deposit boxes, and cash concentration accounts, as well as other cash management services, including information services, bank transfer initiation, ACH initiation, account transfer and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts and certificates of deposit.
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