FY2017 Earnings Estimate for Texas Capital Bancshares Inc Issued By Jefferies Group (TCBI)
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.
WARNING: This report was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another site, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/23/fy2017-earnings-estimate-for-texas-capital-bancshares-inc-issued-by-jefferies-group-tcbi.html.
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.
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.