Equities research analysts expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI) to announce sales of $208.97 million for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Texas Capital Bancshares’ earnings. The lowest sales estimate is $204.50 million and the highest is $214.10 million. Texas Capital Bancshares reported sales of $183.46 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.9%. The company is expected to announce its next quarterly earnings report on Thursday, October 19th.

On average, analysts expect that Texas Capital Bancshares will report full-year sales of $208.97 million for the current fiscal year, with estimates ranging from $791.50 million to $813.60 million. For the next fiscal year, analysts expect that the business will report sales of $920.95 million per share, with estimates ranging from $898.10 million to $941.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. The company had revenue of $201.73 million during the quarter, compared to the consensus estimate of $197.10 million. During the same period last year, the firm earned $0.78 EPS.

Several brokerages have recently issued reports on TCBI. UBS AG upgraded 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 report on Friday, July 7th. Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $79.00 to $86.00 in a report on Monday, May 15th. Barclays PLC reaffirmed an “equal weight” rating and set a $80.00 price objective (up previously from $75.00) on shares of Texas Capital Bancshares in a report on Wednesday, July 12th. Finally, BidaskClub lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $86.17.

Texas Capital Bancshares (NASDAQ:TCBI) traded down 1.53% during midday trading on Friday, hitting $80.25. 666,721 shares of the stock were exchanged. Texas Capital Bancshares has a 52 week low of $45.90 and a 52 week high of $93.35. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 23.51 and a beta of 1.67. The firm’s 50-day moving average is $76.96 and its 200 day moving average is $80.22.

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In other Texas Capital Bancshares news, CFO Peter B. Bartholow sold 4,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $74.52, for a total value of $298,080.00. Following the completion of the transaction, the chief financial officer now owns 37,671 shares in the company, valued at approximately $2,807,242.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.47% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Miles Capital Inc. boosted its position in Texas Capital Bancshares by 0.4% in the first quarter. Miles Capital Inc. now owns 3,141 shares of the bank’s stock valued at $262,000 after buying an additional 13 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Texas Capital Bancshares by 0.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 11,170 shares of the bank’s stock valued at $932,000 after buying an additional 60 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Texas Capital Bancshares by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 12,865 shares of the bank’s stock valued at $1,074,000 after buying an additional 85 shares in the last quarter. Texas Permanent School Fund raised its stake in Texas Capital Bancshares by 0.3% in the first quarter. Texas Permanent School Fund now owns 35,852 shares of the bank’s stock valued at $2,992,000 after buying an additional 104 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in Texas Capital Bancshares by 2.4% in the first quarter. Suntrust Banks Inc. now owns 4,451 shares of the bank’s stock valued at $371,000 after buying an additional 106 shares in the last quarter.

About Texas Capital Bancshares

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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Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

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