Research Analysts Offer Predictions for Texas Capital Bancshares Inc’s Q4 2017 Earnings (TCBI)
Texas Capital Bancshares Inc (NASDAQ:TCBI) – Research analysts at SunTrust Banks boosted their Q4 2017 earnings per share estimates for Texas Capital Bancshares in a research report issued on Wednesday. SunTrust Banks analyst J. Demba now anticipates that the bank will earn $1.14 per share for the quarter, up from their prior estimate of $1.08. SunTrust Banks currently has a “Buy” rating and a $95.00 target price on the stock. SunTrust Banks also issued estimates for Texas Capital Bancshares’ Q1 2018 earnings at $1.05 EPS, Q2 2018 earnings at $1.14 EPS and FY2018 earnings at $4.87 EPS.
A number of other analysts have also weighed in on the stock. BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 price target on shares of Texas Capital Bancshares in a research note on Friday, July 14th. Royal Bank Of Canada initiated coverage on shares of Texas Capital Bancshares in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $90.00 price target for the company. Barclays PLC reaffirmed an “equal weight” rating and issued a $80.00 price target (up from $75.00) on shares of Texas Capital Bancshares in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $86.00 price target on shares of Texas Capital Bancshares in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $89.60.
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Texas Capital Bancshares (TCBI) opened at 88.00 on Monday. Texas Capital Bancshares has a one year low of $56.25 and a one year high of $93.35. The firm has a 50-day moving average of $81.66 and a 200-day moving average of $78.18. The stock has a market capitalization of $4.36 billion, a PE ratio of 24.42 and a beta of 1.68.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $214.08 million. During the same period last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year.
Hedge funds have recently added to or reduced their stakes in the company. Exane Derivatives acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Texas Capital Bancshares by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after acquiring an additional 248 shares during the period. Hilton Capital Management LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at approximately $201,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Texas Capital Bancshares during the second quarter valued at approximately $201,000. Finally, D.A. Davidson & CO. raised its holdings in shares of Texas Capital Bancshares by 14.3% during the second quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock valued at $203,000 after acquiring an additional 329 shares during the period.
In other news, insider C Keith Cargill purchased 3,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price 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 of the company’s stock, valued at $5,953,206.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by 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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