Texas Capital Bancshares Inc (NASDAQ: TCBI) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.33 versus $4.28 for the same period a year ago — a decline of -92%. This result fell short of the consensus estimate of $0.73 by $-0.40. For the latest four quarters through December 31, E.P.S. were $3.58 versus $6.25 for the same period a year ago — a decline of -43%.
Recent Price Action
On 1/18/24, Texas Capital Bancshares Inc (NASDAQ: TCBI) stock enjoyed a large increase of 2.4%, closing at $63.12. Moreover, this advance was accompanied by unusually high trading volume at 159% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
TCBI’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Texas Capital Bancshares has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Texas Capital Bancshares has a neutral Appreciation Score of 58 but a good Power Rating of 80, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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