Texas Capital Bancshares Inc. [NASDAQ:TCBI] will report earnings after markets close on Thursday, January 21st.
TCBI Earnings Forecast For The Current Quarter
Texas Capital Bancshares Inc. [TCBI] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $250.27M and an earnings per share of $1.13 for Dec 2020. Looking further ahead, the company is expected to report revenue of $238.62M at an EPS of $0.95 for Mar 2021. The estimates represent downside of -6.10% and 268.06% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
TCBI Earnings Estimates For The Current Year
For the financial year, Texas Capital Bancshares Inc. [NASDAQ:TCBI] is expected to bring in revenue of $1.04B. The returns are nearly $-30.0 million lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 1.1, lower than that of FY19 by -$5.11. Estimates put this year’s earnings growth at -82.30%, 269.10% for the next, and at an annual 8.00% over the next 5-year period. As for sales, forecasts are for a decrease of -2.90% in the current fiscal year and a further -6.10% over the following year.
TCBI Price Performance
On Wall Street, Texas Capital Bancshares Inc. [NASDAQ:TCBI] finished Tuesday’s session up 1.18% at $69.24. The stock went up to $70.18 at the same session while its lowest single day price was $67.82. In the last five days, it saw a rise of about 5.07%, Texas Capital Bancshares Inc. shares gained by almost 16.37% since the beginning of the year. However, the share price has dropped to as low as -1.94% below its one year high. On 01/14/21, the company shares recorded $70.61, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $57.47. The company’s shares have inclined by 27.09% in the past year. The 50-day SMA achieved is $58.01 while the 200-day SMA is $38.12. Volume gained to 0.3 million from 0.25 million in the previous session.
Texas Capital Bancshares Inc. [TCBI] Valuation Measures
Notably, Texas Capital Bancshares Inc. [TCBI] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 49.88. The measure means the stock is exchanging at a premium as compared to the 12.10x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.13 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.51 which means TCBI serve an unattractive investment opportunity compared to its competitors.
TCBI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 69.24 level, and in case of violation of this particular level, it will cause more drop to 67.98 level. On the upper level, 72.70 is still the key resistance. The stock may increase to the subsequent resistance at 71.44. The Relative Strength Index (RSI) pinned on the 14-day chart is 74.08, implying a overbought technical stance while the MACD stands at 4.94, meaning price will increase in the next trading period. Percent R indicator moved to 10.43%, implying bullish price movement. Stochastic %K at 85.46% suggest selling the stock.
Is Texas Capital Bancshares Inc. [NASDAQ:TCBI] a Good Buy Right Now?
It should be noted that TCBI technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Texas Capital Bancshares Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.35 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.43 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.45 million shares.
What is the short interest in Texas Capital Bancshares Inc.?
Short interest in the Texas Capital Bancshares Inc. stock has plunged, decreasing by -0.41 million shares to total 4.05 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 3.64 million, data from Yahoo Finance shows. The increase of 10.12% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 9.13% of the overall float for the stock.
Texas Capital Bancshares Inc.’s Biggest Shareholders: Who Owns Texas Capital Bancshares Inc. [TCBI]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 4,973,749 shares or roughly 9.86% of the outstanding TCBI shares. This means their shares have reduced by -269,853 from the 4,973,749 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $267,630,584. Details in the latest 13F filings reveal that Credit Suisse Securities acquired their 33.88% stake valued at $256,103,649 while Dimensional Fund Advisors LP added theirs at $143,981,730. During the last quarter, Credit Suisse Securities raised 1,089,342 of its shares in Texas Capital Bancshares Inc. while Dimensional Fund Advisors LP bought 13,504 shares. The AllianceBernstein LP’s holdings currently number 2,303,395 shares at $159487069.79999998. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 2,143,132 shares, roughly $127,516,354.
What are analyst thoughts on Texas Capital Bancshares Inc.?
Looking forward to the Texas Capital Bancshares Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Texas Capital Bancshares Inc. stock at $63.00 within the next 12 months, which represents almost -9.9 per cent growth from its previous closing price of $69.24. The highest analysts’ target for Texas Capital Bancshares Inc. stock projections is $71.00 and the lowest one is $52.00. Still, 14 analysts sharing their consensus rating for TCBI stock in 2021 agree that it is a Hold.