DA Davidson Analysts Lift Earnings Estimates for Texas Capital Bancshares, Inc. (NASDAQ:TCBI)
Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at DA Davidson boosted their Q4 2017 earnings per share estimates for shares of Texas Capital Bancshares in a report issued on Thursday. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $1.02 per share for the quarter, up from their previous estimate of $0.99. DA Davidson also issued estimates for Texas Capital Bancshares’ FY2018 earnings at $4.37 EPS.
Other equities research analysts also recently issued reports about the stock. UBS AG raised shares of Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating in a report on Thursday, April 6th. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Wedbush raised shares of Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $79.00 to $86.00 in a report on Monday, May 15th. Barclays PLC restated an “equal weight” rating and issued a $80.00 price objective (up from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Finally, BidaskClub cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $86.17.
Shares of Texas Capital Bancshares (NASDAQ TCBI) opened at 80.25 on Monday. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 22.27 and a beta of 1.67. The company’s 50 day moving average is $76.96 and its 200 day moving average is $80.22. Texas Capital Bancshares has a one year low of $45.90 and a one year high of $93.35.
Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, beating the 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 firm had revenue of $201.73 million for the quarter, compared to analyst estimates of $197.10 million. During the same period last year, the firm earned $0.78 EPS.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Exane Derivatives acquired a new position in shares of Texas Capital Bancshares during the second quarter worth approximately $125,000. Federated Investors Inc. PA acquired a new position in shares of Texas Capital Bancshares during the fourth quarter worth approximately $128,000. Canada Pension Plan Investment Board boosted its position 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 worth $142,000 after buying an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 worth $148,000 after buying an additional 563 shares during the last quarter. Finally, Parkwood LLC acquired a new position in shares of Texas Capital Bancshares during the first quarter worth approximately $211,000.
In other Texas Capital Bancshares news, CFO Peter B. Bartholow sold 4,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $74.52, for a total transaction of $298,080.00. Following the transaction, the chief financial officer now directly owns 37,671 shares in the company, valued at $2,807,242.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is owned by company insiders.
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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