Texas Capital Bancshares (NASDAQ:TCBI) released its earnings results on Wednesday. The bank reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.21, Briefing.com reports. Texas Capital Bancshares had a net margin of 22.88% and a return on equity of 13.29%. During the same period last year, the business posted $1.65 earnings per share.
TCBI stock opened at $54.39 on Thursday. Texas Capital Bancshares has a 1-year low of $47.86 and a 1-year high of $77.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.26 and a quick ratio of 1.21. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 1.14 and a beta of 1.88. The business has a 50 day simple moving average of $54.19 and a two-hundred day simple moving average of $58.37.
TCBI has been the subject of several analyst reports. TheStreet lowered shares of Texas Capital Bancshares from a “b-” rating to a “c+” rating in a report on Friday, August 30th. SunTrust Banks reduced their target price on shares of Texas Capital Bancshares to $58.00 and set a “hold” rating for the company in a report on Thursday. Wedbush reduced their target price on shares of Texas Capital Bancshares from $58.00 to $57.00 and set a “neutral” rating for the company in a report on Thursday. BidaskClub upgraded Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Finally, Zacks Investment Research downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating and set a $60.00 price target for the company. in a research note on Thursday, September 19th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $63.10.
Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire 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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