Texas Capital Bancshares Inc (TCBI) Expected to Post Quarterly Sales of $219.68 Million

Equities analysts expect Texas Capital Bancshares Inc (NASDAQ:TCBI) to post $219.68 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Texas Capital Bancshares’ earnings, with the highest sales estimate coming in at $226.00 million and the lowest estimate coming in at $211.40 million. Texas Capital Bancshares posted sales of $190.06 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.6%. The firm is scheduled to issue its next earnings report on Wednesday, January 24th.

On average, analysts expect that Texas Capital Bancshares will report full year sales of $219.68 million for the current year, with estimates ranging from $821.30 million to $833.10 million. For the next financial year, analysts anticipate that the company will post sales of $949.47 million per share, with estimates ranging from $936.90 million to $964.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data 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. The business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a net margin of 26.27% and a return on equity of 11.40%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share.

Several research firms recently weighed in on TCBI. BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays set a $87.00 price objective on shares of Texas Capital Bancshares and gave the stock a “hold” rating in a report on Friday, October 20th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. SunTrust Banks reiterated a “buy” rating and issued a $100.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Finally, Zacks Investment Research cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $91.87.

Shares of Texas Capital Bancshares (TCBI) opened at $91.90 on Wednesday. The firm has a market cap of $4,560.00, a PE ratio of 23.90, a P/E/G ratio of 1.90 and a beta of 1.66. Texas Capital Bancshares has a 1-year low of $69.65 and a 1-year high of $95.20. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22.

In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $87.52, for a total transaction of $306,320.00. Following the sale, the chief operating officer now owns 34,171 shares in the company, valued at approximately $2,990,645.92. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth about $101,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Texas Capital Bancshares by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after buying an additional 248 shares during the period. Rehmann Capital Advisory Group acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth about $201,000. Signature Financial Management Inc. acquired a new stake in Texas Capital Bancshares during the 3rd quarter worth about $215,000. Finally, Hilton Capital Management LLC acquired a new stake in Texas Capital Bancshares during the 2nd quarter worth about $201,000.

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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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Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

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