Jefferies Group Analysts Reduce Earnings Estimates for Texas Capital Bancshares Inc (TCBI)

Texas Capital Bancshares Inc (NASDAQ:TCBI) – Equities research analysts at Jefferies Group dropped their Q1 2018 EPS estimates for Texas Capital Bancshares in a research report issued on Wednesday. Jefferies Group analyst C. Haire now expects that the bank will post earnings per share of $1.35 for the quarter, down from their previous forecast of $1.36. Jefferies Group currently has a “Buy” rating on the stock.

A number of other research firms have also recently commented on TCBI. Barclays reissued a “neutral” rating and set a $104.00 target price (up from $90.00) on shares of Texas Capital Bancshares in a research report on Friday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $100.00 target price on shares of Texas Capital Bancshares in a research report on Friday, December 22nd. Piper Jaffray Companies reissued a “hold” rating and set a $98.50 target price on shares of Texas Capital Bancshares in a research report on Tuesday, January 9th. SunTrust Banks reissued a “buy” rating and set a $100.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Finally, BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $98.70.

Texas Capital Bancshares (TCBI) opened at $98.80 on Monday. Texas Capital Bancshares has a 12-month low of $69.65 and a 12-month high of $102.90. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.22 and a current ratio of 1.28. The company has a market cap of $4,946.96, a price-to-earnings ratio of 26.49, a PEG ratio of 1.43 and a beta of 1.66.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results 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 business had revenue of $230.02 million for the quarter, compared to analysts’ expectations of $219.78 million. During the same period in the previous year, the company posted $0.96 earnings per share.

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

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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.

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

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