Zacks: Analysts Anticipate Texas Capital Bancshares, Inc. (TCBI) to Post $0.93 EPS
Wall Street brokerages expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI) to announce $0.93 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Texas Capital Bancshares’ earnings. The lowest EPS estimate is $0.87 and the highest is $0.98. Texas Capital Bancshares posted earnings per share of $0.78 during the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The firm is expected to report its next quarterly earnings report on Wednesday, July 19th.
On average, analysts expect that Texas Capital Bancshares will report full-year earnings of $3.85 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $4.00. For the next year, analysts expect that the company will post earnings of $4.67 per share, with EPS estimates ranging from $4.25 to $5.10. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Texas Capital Bancshares.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, April 19th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.88 by $0.08. Texas Capital Bancshares had a net margin of 21.42% and a return on equity of 9.90%. The company had revenue of $180.47 million during the quarter, compared to analyst estimates of $192.60 million. During the same period in the prior year, the business posted $0.49 EPS.
A number of equities research analysts recently issued reports on TCBI shares. Raymond James Financial, Inc. raised Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $98.00 target price on the stock in a research note on Thursday, April 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $102.00 target price on shares of Texas Capital Bancshares in a research note on Tuesday, March 21st. Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and upped their target price for the company from $79.00 to $86.00 in a research note on Monday, May 15th. Zacks Investment Research lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Finally, Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $80.00 target price (down previously from $85.00) on shares of Texas Capital Bancshares in a research note on Saturday, April 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $81.00.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at 73.25 on Monday. The firm has a market cap of $3.63 billion, a PE ratio of 21.46 and a beta of 1.66. Texas Capital Bancshares has a 12-month low of $41.47 and a 12-month high of $93.35. The company has a 50 day moving average price of $76.27 and a 200 day moving average price of $80.37.
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In related news, CFO Peter B. Bartholow sold 4,000 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the completion of the sale, the chief financial officer now directly owns 37,671 shares in the company, valued at approximately $2,807,242.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider C Keith Cargill purchased 5,000 shares of the stock in a transaction that occurred on Friday, April 21st. The stock was bought at an average price of $73.57 per share, with a total value of $367,850.00. Following the completion of the acquisition, the insider now owns 77,286 shares in the company, valued at approximately $5,685,931.02. The disclosure for this purchase can be found here. Corporate insiders own 0.47% of the company’s stock.
A number of hedge funds have recently made changes to their positions in TCBI. Federated Investors Inc. PA bought a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at about $128,000. Canada Pension Plan Investment Board increased its stake in shares of Texas Capital Bancshares by 88.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock valued at $142,000 after buying an additional 800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Texas Capital Bancshares by 46.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,770 shares of the bank’s stock valued at $148,000 after buying an additional 563 shares in the last quarter. Tyers Asset Management LLC bought a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at about $180,000. Finally, Cantab Capital Partners LLP bought a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at about $205,000.
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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