Analysts predict that Texas Capital Bancshares, Inc. (NASDAQ:TCBI) will post $212.40 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Texas Capital Bancshares’ earnings, with estimates ranging from $206.90 million to $220.60 million. Texas Capital Bancshares posted sales of $183.46 million in the same quarter last year, which suggests a positive year over year growth rate of 15.8%. The firm is expected to report its next quarterly earnings report on Thursday, October 19th.

On average, analysts expect that Texas Capital Bancshares will report full year sales of $212.40 million for the current financial year, with estimates ranging from $802.80 million to $823.50 million. For the next financial year, analysts anticipate that the business will report sales of $928.78 million per share, with estimates ranging from $913.00 million to $945.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data 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. The company 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 10.01% and a net margin of 21.84%. During the same period in the previous year, the company posted $0.78 EPS.

Several analysts recently commented on the company. ValuEngine lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 price objective on shares of Texas Capital Bancshares in a report on Friday, July 14th. Zacks Investment Research lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Hovde Group raised their price objective on Texas Capital Bancshares from $85.00 to $86.00 and gave the company a “market perform” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus target price of $86.86.

In other news, insider C Keith Cargill purchased 3,000 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $74.15 per share, with a total value of $222,450.00. Following the completion of the purchase, the insider now directly owns 80,286 shares of the company’s stock, valued at approximately $5,953,206.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.47% of the company’s stock.

Several large investors have recently modified their holdings of TCBI. Exane Derivatives acquired a new stake in shares of Texas Capital Bancshares in the second quarter worth approximately $125,000. Canada Pension Plan Investment Board boosted 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 worth $142,000 after acquiring an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 worth $148,000 after acquiring an additional 563 shares during the last quarter. Hilton Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares in the second quarter worth approximately $201,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Texas Capital Bancshares in the second quarter worth approximately $201,000.

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Texas Capital Bancshares (TCBI) opened at 77.35 on Friday. Texas Capital Bancshares has a 52 week low of $51.02 and a 52 week high of $93.35. The company has a market capitalization of $3.84 billion, a P/E ratio of 21.47 and a beta of 1.67. The company’s 50 day moving average price is $75.43 and its 200-day moving average price is $78.30.

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

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