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In a recent filing with the Securities and Exchange Commission, Robert W. Stallings, a director at Texas Capital Bancshares Inc. (NASDAQ:TCBI), disclosed the acquisition of 7,000 depositary shares for Series B Preferred Stock. The shares were purchased at an average price of $20.43, amounting to a total investment of approximately $143,010. The $3.45 billion market cap bank currently trades at $75.19 per share, with InvestingPro analysis indicating the stock is trading above its Fair Value.
Following the transaction, Stallings holds 49,500 shares indirectly through the Stallings Foundation, a charitable organization where he serves as an officer. Additionally, his holdings include 84,587 shares of the same series directly, and 215,413 shares indirectly through SCG Ventures LP. InvestingPro data shows the bank maintains a high shareholder yield, though it trades at an elevated P/E ratio of 58.6x.
This acquisition adds to Stallings’ already substantial stake in Texas Capital Bancshares, reflecting continued confidence in the company’s performance. InvestingPro analysts expect net income growth this year, with comprehensive analysis available in the Pro Research Report, which offers deep-dive insights into the bank’s financial health and growth prospects.
In other recent news, Texas Capital Bancshares reported strong fourth-quarter 2024 earnings, with earnings per share (EPS) of $1.59, surpassing the forecasted $1.09. The company’s revenue also exceeded expectations, reaching $305 million against a projection of $283.24 million. Texas Capital has updated its 2025 guidance, projecting stronger fee revenues of $270 million, up from the previous estimate of $240 million. Despite the positive earnings report, analysts have adjusted their outlooks. Stephens reduced its price target for Texas Capital from $102.00 to $97.00, maintaining an Overweight rating, while DA Davidson lowered its target from $90.00 to $87.00, holding a Neutral rating. The adjustments reflect concerns over increased expenses and lower-than-expected net interest income growth. Texas Capital has also reaffirmed its return on assets (ROA) target of 1.10% for the second half of 2025, despite anticipating a weaker start to the year. The bank continues to focus on strategic investments, including a recent acquisition of a healthcare loan portfolio, which is expected to contribute to its growth.
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