Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Wedbush increased their Q3 2018 earnings per share estimates for shares of Texas Capital Bancshares in a report issued on Wednesday. Wedbush analyst P. Winter now forecasts that the bank will post earnings of $1.39 per share for the quarter, up from their previous forecast of $1.34. Wedbush has a “Neutral” rating and a $87.00 price target on the stock.

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

ILLEGAL ACTIVITY NOTICE: “Q3 2018 Earnings Forecast for Texas Capital Bancshares, Inc. Issued By Wedbush (TCBI)” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2017/10/05/q3-2018-earnings-forecast-for-texas-capital-bancshares-inc-issued-by-wedbush-tcbi.html.

Several other equities analysts have also commented on the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $90.00 price objective on shares of Texas Capital Bancshares in a research report on Wednesday. Zacks Investment Research lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank Of Canada started coverage on Texas Capital Bancshares in a research report on Wednesday, September 6th. They set an “outperform” rating and a $90.00 price objective for the company. ValuEngine downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $86.00 price target on shares of Texas Capital Bancshares in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $87.33.

Shares of Texas Capital Bancshares (NASDAQ TCBI) traded up 1.36% during mid-day trading on Thursday, reaching $85.75. 85,799 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $77.58 and a 200 day moving average of $77.80. The firm has a market capitalization of $4.25 billion, a P/E ratio of 23.80 and a beta of 1.68. Texas Capital Bancshares has a one year low of $53.21 and a one year high of $93.35.

In other Texas Capital Bancshares news, insider C Keith Cargill acquired 3,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the acquisition, the insider now owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 added to or reduced their stakes in TCBI. BlackRock Inc. increased its holdings in Texas Capital Bancshares by 19,441.6% in the 1st quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock worth $466,900,000 after buying an additional 5,566,317 shares in the last quarter. State Street Corp increased its holdings in Texas Capital Bancshares by 48.4% in the 1st quarter. State Street Corp now owns 3,047,810 shares of the bank’s stock worth $254,339,000 after buying an additional 994,585 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Texas Capital Bancshares during the 2nd quarter valued at about $661,000. Balyasny Asset Management LLC grew its stake in shares of Texas Capital Bancshares by 474.5% during the 2nd quarter. Balyasny Asset Management LLC now owns 657,805 shares of the bank’s stock valued at $50,914,000 after purchasing an additional 543,299 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Texas Capital Bancshares by 26.5% during the 2nd quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock valued at $164,699,000 after purchasing an additional 445,248 shares during the period.

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.

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

Receive News & Ratings for Texas Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.