Texas Capital Bancshares, Inc. (TCBI) To Go Ex-Dividend on September 1st

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) announced a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.20 per share by the bank on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

Texas Capital Bancshares Stock Performance

TCBI opened at $98.64 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.00 and a current ratio of 1.00. Texas Capital Bancshares has a 52-week low of $75.41 and a 52-week high of $108.92. The firm has a market cap of $4.29 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 1.20 and a beta of 0.68. The business’s fifty day moving average is $101.17 and its 200-day moving average is $99.55.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 22nd. The bank reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.01. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%.The business had revenue of $335.50 million during the quarter, compared to the consensus estimate of $333.37 million. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Texas Capital Bancshares’s revenue for the quarter was up 9.1% compared to the same quarter last year. Sell-side analysts expect that Texas Capital Bancshares will post 7.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TCBI shares. TD Cowen dropped their target price on shares of Texas Capital Bancshares from $109.00 to $106.00 and set a “hold” rating for the company in a research report on Monday, July 27th. Citigroup increased their price target on shares of Texas Capital Bancshares from $105.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Barclays raised shares of Texas Capital Bancshares from an “underweight” rating to an “equal weight” rating and set a $100.00 price objective on the stock in a research note on Monday, August 3rd. Stephens lowered their price objective on shares of Texas Capital Bancshares from $116.00 to $112.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Fundamental Research set a $110.00 target price on Texas Capital Bancshares in a research note on Wednesday, July 1st. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.83.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.