Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Analysts at Wedbush reduced their Q3 2017 earnings per share estimates for Texas Capital Bancshares in a report released on Wednesday. Wedbush analyst P. Winter now expects that the bank will post earnings per share of $1.11 for the quarter, down from their previous estimate of $1.14. Wedbush has a “Neutral” rating and a $87.00 price objective on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2017 earnings at $1.16 EPS, FY2017 earnings at $4.04 EPS, Q1 2018 earnings at $1.08 EPS, Q2 2018 earnings at $1.23 EPS, Q4 2018 earnings at $1.39 EPS and FY2018 earnings at $5.09 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The firm had revenue of $201.73 million for the quarter, compared to the consensus estimate 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 last year, the firm posted $0.78 EPS.

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A number of other equities analysts have also commented on TCBI. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $90.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday. BidaskClub lowered shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. ValuEngine raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Hovde Group raised their price target on shares of Texas Capital Bancshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 1st. Two analysts have 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. The company presently has a consensus rating of “Hold” and a consensus target price of $87.33.

Texas Capital Bancshares (NASDAQ TCBI) opened at 85.80 on Friday. The company has a market cap of $4.26 billion, a P/E ratio of 23.81 and a beta of 1.68. The company has a 50-day moving average of $77.90 and a 200 day moving average of $77.85. Texas Capital Bancshares has a one year low of $53.21 and a one year high of $93.35.

In related news, insider C Keith Cargill purchased 3,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the purchase, the insider now owns 80,286 shares in the company, valued at approximately $5,953,206.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of Texas Capital Bancshares by 79.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 32,083 shares of the bank’s stock valued at $2,483,000 after purchasing an additional 14,241 shares in the last quarter. Sapience Investments LLC acquired a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at approximately $8,909,000. US Bancorp DE boosted its stake in shares of Texas Capital Bancshares by 5.5% in the 2nd quarter. US Bancorp DE now owns 4,032 shares of the bank’s stock valued at $312,000 after purchasing an additional 211 shares in the last quarter. Kennedy Capital Management Inc. boosted its stake in shares of Texas Capital Bancshares by 378.7% in the 2nd quarter. Kennedy Capital Management Inc. now owns 145,888 shares of the bank’s stock valued at $11,292,000 after purchasing an additional 115,409 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Texas Capital Bancshares by 14.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 240,371 shares of the bank’s stock valued at $20,059,000 after purchasing an additional 30,906 shares in 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.

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

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