Q1 2018 Earnings Forecast for Texas Capital Bancshares Inc Issued By Wedbush (TCBI)
Texas Capital Bancshares Inc (NASDAQ:TCBI) – Analysts at Wedbush lifted their Q1 2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a research report issued to clients and investors on Thursday. Wedbush analyst P. Winter now forecasts that the bank will post earnings of $1.10 per share for the quarter, up from their previous forecast of $1.08. Wedbush has a “Neutral” rating and a $87.00 price objective on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q2 2018 earnings at $1.24 EPS and Q3 2018 earnings at $1.38 EPS.
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, beating analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 26.27% and a return on equity of 11.40%. The company had revenue of $204.40 million for the quarter, compared to analyst estimates of $214.08 million. During the same period last year, the firm earned $0.87 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis.
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Several other analysts also recently commented on the stock. BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and set a $104.00 price objective on shares of Texas Capital Bancshares in a research report on Friday, July 14th. Royal Bank Of Canada initiated coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 6th. They set an “outperform” rating and a $90.00 price objective on the stock. Barclays PLC reissued an “equal weight” rating and set a $80.00 price objective (up from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $86.00 price objective on shares of Texas Capital Bancshares in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus target price of $89.60.
Texas Capital Bancshares (NASDAQ TCBI) opened at 88.00 on Monday. The company’s 50 day moving average is $81.66 and its 200-day moving average is $78.18. Texas Capital Bancshares has a 52-week low of $56.25 and a 52-week high of $93.35. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 24.42 and a beta of 1.68.
Several large investors have recently modified their holdings of TCBI. Exane Derivatives bought a new position in shares of Texas Capital Bancshares in the 2nd quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Texas Capital Bancshares by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after purchasing an additional 248 shares during the period. Hilton Capital Management LLC bought a new position in shares of Texas Capital Bancshares in the 2nd quarter worth approximately $201,000. Cubist Systematic Strategies LLC bought a new position in shares of Texas Capital Bancshares in the 2nd quarter worth approximately $201,000. Finally, D.A. Davidson & CO. lifted its stake in shares of Texas Capital Bancshares by 14.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock worth $203,000 after purchasing an additional 329 shares during the period.
In other Texas Capital Bancshares news, insider C Keith Cargill acquired 3,000 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $74.15 per share, for a total transaction of $222,450.00. Following the purchase, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.47% of the stock is owned by corporate insiders.
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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