Texas Capital Bancshares Inc (NASDAQ: TCBI) has reported E.P.S. of $0.80 for its second fiscal quarter (ending June 30) versus $1.34 for the same period a year ago — a decline of -40%. This performance was $-0.05 short of the consensus estimate of $0.86. E.P.S. were $2.78 for the latest four quarters through June 30 versus $7.07 for the same period a year ago — a decline of -61%.
Recent Price Action
On 7/18/24, Texas Capital Bancshares Inc (NASDAQ: TCBI) stock suffered a large decline of -6.6%, closing at $66.04. Moreover, exceptionally high trading volume at 315% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 6.0% during the last week.
Current PriceTarget Research Rating
TCBI’s future returns on capital are forecasted to exceed 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 Power Rating of 58 but a good Appreciation Score of 73, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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