Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Forecasted to Earn Q1 2018 Earnings of $1.11 Per Share
Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Research analysts at FIG Partners issued their Q1 2018 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a research report issued on Thursday. FIG Partners analyst J. Rodis forecasts that the bank will earn $1.11 per share for the quarter. FIG Partners also issued estimates for Texas Capital Bancshares’ Q2 2018 earnings at $1.19 EPS, Q3 2018 earnings at $1.22 EPS and Q4 2018 earnings at $1.18 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $201.73 million during the quarter, compared to the consensus estimate of $197.10 million. Texas Capital Bancshares had a return on equity of 10.25% and a net margin of 21.84%. During the same period in the prior year, the firm posted $0.78 EPS.
A number of other analysts have also commented on the company. UBS AG raised Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, April 6th. Zacks Investment Research lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, July 7th. Stephens reaffirmed a “hold” rating and issued a $84.00 price target on shares of Texas Capital Bancshares in a research note on Thursday. ValuEngine lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $79.00 to $86.00 in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $83.69.
Texas Capital Bancshares (NASDAQ TCBI) traded down 1.29% during mid-day trading on Friday, hitting $80.45. The stock had a trading volume of 331,543 shares. The firm’s 50-day moving average is $76.96 and its 200 day moving average is $80.22. The stock has a market cap of $3.99 billion, a PE ratio of 23.57 and a beta of 1.67. Texas Capital Bancshares has a one year low of $45.90 and a one year high of $93.35.
In related news, CFO Peter B. Bartholow sold 4,000 shares of Texas Capital Bancshares stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in TCBI. BlackRock Inc. boosted its position in shares of Texas Capital Bancshares by 19,441.6% in the first quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock valued at $466,900,000 after buying an additional 5,566,317 shares during the last quarter. State Street Corp boosted its position in shares of Texas Capital Bancshares by 48.4% in the first quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock valued at $254,339,000 after buying an additional 994,585 shares during the last quarter. Norges Bank purchased a new position in shares of Texas Capital Bancshares during the fourth quarter valued at about $28,896,000. FMR LLC purchased a new position in shares of Texas Capital Bancshares during the first quarter valued at about $21,563,000. Finally, Victory Capital Management Inc. boosted its position in shares of Texas Capital Bancshares by 123.2% in the first quarter. Victory Capital Management Inc. now owns 424,310 shares of the bank’s stock valued at $35,409,000 after buying an additional 234,208 shares during the last quarter.
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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