Texas Capital Bancshares (TCBI) Receives Buy Rating from Jefferies Group

Texas Capital Bancshares (NASDAQ:TCBI)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research note issued on Thursday. Jefferies Group also issued estimates for Texas Capital Bancshares’ Q2 2018 earnings at $1.47 EPS, Q3 2018 earnings at $1.58 EPS, Q4 2018 earnings at $1.60 EPS, FY2018 earnings at $6.00 EPS and FY2019 earnings at $6.55 EPS.

A number of other equities research analysts have also commented on TCBI. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Wedbush lowered shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $88.00 to $87.00 in a research note on Wednesday, October 4th. They noted that the move was a valuation call. SunTrust Banks reaffirmed a “buy” rating and issued a $90.00 target price on shares of Texas Capital Bancshares in a research note on Wednesday, October 4th. DA Davidson reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Texas Capital Bancshares in a research note on Thursday, October 19th. Finally, Bank of America reaffirmed a “buy” rating and issued a $100.00 target price (up previously from $97.00) on shares of Texas Capital Bancshares in a research note on Thursday, October 19th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $98.70.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded down $0.85 during trading hours on Thursday, reaching $98.80. 396,224 shares of the company’s stock were exchanged, compared to its average volume of 440,287. Texas Capital Bancshares has a 12-month low of $69.65 and a 12-month high of $102.90. The company has a current ratio of 1.28, a quick ratio of 1.22 and a debt-to-equity ratio of 1.56. The company has a market cap of $4,946.96, a price-to-earnings ratio of 26.49, a P/E/G ratio of 1.43 and a beta of 1.66.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. Texas Capital Bancshares had a net margin of 20.67% and a return on equity of 10.85%. The firm had revenue of $230.02 million for the quarter, compared to analyst estimates of $219.78 million. During the same quarter in the prior year, the firm earned $0.96 EPS. analysts expect that Texas Capital Bancshares will post 5.79 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $101,000. Rehmann Capital Advisory Group acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $201,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at approximately $201,000. D.A. Davidson & CO. raised its position 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 valued at $203,000 after acquiring an additional 329 shares during the period. Finally, Signature Financial Management Inc. acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at approximately $215,000.

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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.

Analyst Recommendations for Texas Capital Bancshares (NASDAQ:TCBI)

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