Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Texas Capital Bancshares (TCBI) Share Price

Share on StockTwits

Media stories about Texas Capital Bancshares (NASDAQ:TCBI) have been trending somewhat positive on Monday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Texas Capital Bancshares earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 45.6589350877578 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s analysis:

TCBI stock opened at $94.90 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.26 and a quick ratio of 1.20. The company has a market capitalization of $4.71 billion, a PE ratio of 23.26, a PEG ratio of 1.29 and a beta of 1.74. Texas Capital Bancshares has a twelve month low of $69.65 and a twelve month high of $103.05.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, April 18th. The bank reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.03. The business had revenue of $230.25 million during the quarter, compared to analysts’ expectations of $225.43 million. Texas Capital Bancshares had a net margin of 22.07% and a return on equity of 12.00%. During the same period in the previous year, the company earned $0.80 earnings per share. sell-side analysts predict that Texas Capital Bancshares will post 6.13 EPS for the current year.

A number of brokerages recently issued reports on TCBI. Zacks Investment Research downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday. Stephens reissued a “hold” rating and issued a $105.00 price objective on shares of Texas Capital Bancshares in a report on Monday, June 18th. BidaskClub downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, June 14th. ValuEngine downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, May 26th. Finally, Deutsche Bank increased their price objective on Texas Capital Bancshares from $106.00 to $109.00 and gave the company a “hold” rating in a report on Friday, May 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $102.75.

Texas Capital Bancshares Company Profile

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.

Insider Buying and Selling by Quarter for Texas Capital Bancshares (NASDAQ:TCBI)

Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply