Texas Capital Bancshares Inc (NASDAQ:TCBI) – Equities research analysts at Jefferies Group increased their FY2017 earnings estimates for Texas Capital Bancshares in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Haire now expects that the bank will earn $4.12 per share for the year, up from their prior forecast of $4.08. Jefferies Group has a “Buy” rating and a $104.00 price objective on the stock.

TCBI has been the subject of a number of other reports. Zacks Investment Research cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “buy” rating on shares of Texas Capital Bancshares in a report on Friday. BidaskClub upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Stephens restated a “hold” rating and set a $84.00 price target on shares of Texas Capital Bancshares in a report on Thursday, July 20th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $90.00 price target on shares of Texas Capital Bancshares in a report on Wednesday, October 4th. Two equities 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 presently has a consensus rating of “Hold” and an average price target of $89.60.

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Texas Capital Bancshares (NASDAQ:TCBI) opened at 88.00 on Monday. The firm has a market cap of $4.36 billion, a PE ratio of 24.42 and a beta of 1.68. The company has a 50-day moving average price of $81.66 and a 200-day moving average price of $78.18. Texas Capital Bancshares has a one year low of $56.25 and a one year high of $93.35.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.01. Texas Capital Bancshares had a return on equity of 11.40% and a net margin of 26.27%. The company had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. During the same quarter last year, the business posted $0.87 earnings per share. Texas Capital Bancshares’s revenue was up 11.7% compared to the same quarter last year.

In related news, insider C Keith Cargill acquired 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average cost of $74.15 per share, for a total transaction of $222,450.00. Following the completion of the acquisition, the insider now directly owns 80,286 shares in the company, valued at approximately $5,953,206.90. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.47% of the company’s stock.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Texas Capital Bancshares by 19,441.6% during the 1st quarter. BlackRock Inc. now owns 5,594,948 shares of the bank’s stock worth $466,900,000 after purchasing an additional 5,566,317 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Texas Capital Bancshares by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 4,053,255 shares of the bank’s stock worth $313,721,000 after buying an additional 98,473 shares during the period. State Street Corp boosted its holdings in shares of Texas Capital Bancshares by 14.8% during the 2nd quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock worth $270,711,000 after buying an additional 449,797 shares during the period. Capital Research Global Investors boosted its holdings 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 worth $164,699,000 after buying an additional 445,248 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Texas Capital Bancshares by 37.2% during the 2nd quarter. American Century Companies Inc. now owns 1,619,357 shares of the bank’s stock worth $125,338,000 after buying an additional 438,887 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)

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