Brokers Set Expectations for Texas Capital Bancshares Inc’s Q1 2018 Earnings (TCBI)

Texas Capital Bancshares Inc (NASDAQ:TCBI) – Stock analysts at FIG Partners issued their Q1 2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a research note issued on Thursday. FIG Partners analyst J. Rodis anticipates that the bank will earn $1.35 per share for the quarter. FIG Partners also issued estimates for Texas Capital Bancshares’ Q2 2018 earnings at $1.51 EPS, Q3 2018 earnings at $1.66 EPS, Q4 2018 earnings at $1.61 EPS and FY2018 earnings at $6.12 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 the consensus estimate of $219.78 million. During the same quarter in the previous year, the firm posted $0.96 EPS.

TCBI has been the topic of several other research reports. Deutsche Bank lifted their price target on shares of Texas Capital Bancshares from $93.00 to $95.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research note on Friday, October 20th. BidaskClub downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $100.00 price target on shares of Texas Capital Bancshares in a research note on Wednesday, November 29th. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $98.70.

Shares of Texas Capital Bancshares (NASDAQ TCBI) opened at $98.80 on Monday. Texas Capital Bancshares has a one year low of $69.65 and a one year high of $102.90. The stock 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. The company has a current ratio of 1.28, a quick ratio of 1.22 and a debt-to-equity ratio of 1.56.

A number of hedge funds have recently made changes to their positions in TCBI. Amalgamated Bank grew its holdings in Texas Capital Bancshares by 2.5% during the 2nd quarter. Amalgamated Bank now owns 7,144 shares of the bank’s stock worth $553,000 after acquiring an additional 175 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Texas Capital Bancshares by 56.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 8,238 shares of the bank’s stock worth $638,000 after acquiring an additional 2,956 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in Texas Capital Bancshares by 6.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 10,010 shares of the bank’s stock worth $775,000 after acquiring an additional 650 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in Texas Capital Bancshares by 2.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,650 shares of the bank’s stock worth $2,295,000 after acquiring an additional 685 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in Texas Capital Bancshares by 286.4% during the 2nd quarter. Citigroup Inc. now owns 12,053 shares of the bank’s stock worth $933,000 after acquiring an additional 8,934 shares in the last quarter.

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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.

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

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