Texas Capital Bancshares Inc (TCBI) Expected to Post Q4 2017 Earnings of $1.06 Per Share
Texas Capital Bancshares Inc (NASDAQ:TCBI) – FIG Partners raised their Q4 2017 earnings estimates for Texas Capital Bancshares in a research note issued on Thursday. FIG Partners analyst J. Rodis now anticipates that the bank will post earnings per share of $1.06 for the quarter, up from their prior forecast of $1.05.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, April 19th. The bank reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.08. Texas Capital Bancshares had a net margin of 19.98% and a return on equity of 9.94%. The business had revenue of $180.47 million for the quarter, compared to analysts’ expectations of $192.60 million. During the same period in the prior year, the business earned $0.49 earnings per share.
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Other analysts have also recently issued research reports about the company. Zacks Investment Research cut Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday. Raymond James Financial, Inc. upgraded Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $98.00 price target for the company in a research report on Thursday, April 6th. JMP Securities started coverage on Texas Capital Bancshares in a research report on Thursday, February 2nd. They issued an “outperform” rating and a $98.00 price target for the company. Keefe, Bruyette & Woods set a $83.00 price target on Texas Capital Bancshares and gave the stock a “hold” rating in a research report on Monday, April 3rd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $102.00 price target on shares of Texas Capital Bancshares in a research report on Tuesday, March 21st. Twelve equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $73.57.
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Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up 0.271% during midday trading on Friday, hitting $74.025. The stock had a trading volume of 367,311 shares. Texas Capital Bancshares has a 12 month low of $40.90 and a 12 month high of $93.35. The stock’s 50-day moving average is $83.16 and its 200-day moving average is $76.03. The stock has a market cap of $3.67 billion, a PE ratio of 23.802 and a beta of 1.41.
Institutional investors have recently added to or reduced their stakes in the company. Allianz Asset Management AG purchased a new stake in Texas Capital Bancshares during the fourth quarter valued at about $4,184,000. BlackRock Advisors LLC increased its stake in Texas Capital Bancshares by 17.5% in the third quarter. BlackRock Advisors LLC now owns 226,295 shares of the bank’s stock valued at $12,428,000 after buying an additional 33,724 shares during the period. Stieven Capital Advisors L.P. purchased a new stake in Texas Capital Bancshares during the fourth quarter valued at about $3,912,000. Bank of Montreal Can increased its stake in Texas Capital Bancshares by 10.8% in the third quarter. Bank of Montreal Can now owns 64,383 shares of the bank’s stock valued at $3,536,000 after buying an additional 6,252 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in Texas Capital Bancshares by 13.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 815,180 shares of the bank’s stock valued at $63,910,000 after buying an additional 94,221 shares during the period. 95.46% of the stock is owned by hedge funds and other institutional investors.
Texas Capital Bancshares Company Profile
Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.
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