FY2017 EPS Estimates for Texas Capital Bancshares Inc (TCBI) Boosted by Analyst
Texas Capital Bancshares Inc (NASDAQ:TCBI) – Investment analysts at FIG Partners boosted their FY2017 EPS estimates for shares of Texas Capital Bancshares in a research note issued to investors on Thursday. FIG Partners analyst J. Rodis now expects that the bank will earn $4.02 per share for the year, up from their previous estimate of $3.99. FIG Partners also issued estimates for Texas Capital Bancshares’ Q4 2017 earnings at $1.14 EPS, Q1 2018 earnings at $1.04 EPS, Q2 2018 earnings at $1.24 EPS, Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $1.23 EPS and FY2018 earnings at $4.90 EPS.
TCBI has been the subject of a number of other reports. Zacks Investment Research cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research note on Friday. BidaskClub raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Stephens reaffirmed a “hold” rating and issued a $84.00 price target on shares of Texas Capital Bancshares in a research note on Thursday, July 20th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $90.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently 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 50-day moving average price of $81.66 and a 200 day moving average price of $78.18. Texas Capital Bancshares has a 1-year low of $56.25 and a 1-year high of $93.35. The company has a market capitalization of $4.36 billion, a P/E ratio of 24.42 and a beta of 1.68.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. During the same period in the prior year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC boosted its stake in Texas Capital Bancshares by 2.9% during the third quarter. Mutual of America Capital Management LLC now owns 41,084 shares of the bank’s stock worth $3,525,000 after buying an additional 1,149 shares during the last quarter. Wasatch Advisors Inc. boosted its stake in Texas Capital Bancshares by 3.6% during the second quarter. Wasatch Advisors Inc. now owns 1,438,060 shares of the bank’s stock worth $111,306,000 after buying an additional 50,474 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Texas Capital Bancshares by 3.7% during the second quarter. Public Employees Retirement System of Ohio now owns 72,759 shares of the bank’s stock worth $5,632,000 after buying an additional 2,595 shares during the last quarter. Koch Industries Inc. acquired a new position in Texas Capital Bancshares during the second quarter worth $661,000. Finally, 1st Global Advisors Inc. boosted its stake in Texas Capital Bancshares by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 6,979 shares of the bank’s stock worth $540,000 after buying an additional 77 shares during the last quarter.
In related news, insider C Keith Cargill acquired 3,000 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average price of $74.15 per share, with a total value of $222,450.00. Following the completion of the purchase, the insider now owns 80,286 shares of the company’s stock, valued at approximately $5,953,206.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.47% of the company’s stock.
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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