Texas Capital Bancshares Inc (TCBI) to Post Q1 2018 Earnings of $1.42 Per Share, DA Davidson Forecasts

Texas Capital Bancshares Inc (NASDAQ:TCBI) – Research analysts at DA Davidson raised their Q1 2018 earnings per share estimates for Texas Capital Bancshares in a research report issued on Thursday. DA Davidson analyst G. Tenner now anticipates that the bank will post earnings of $1.42 per share for the quarter, up from their previous estimate of $1.04. DA Davidson currently has a “Neutral” rating and a $105.00 target price on the stock. DA Davidson also issued estimates for Texas Capital Bancshares’ Q2 2018 earnings at $1.60 EPS, Q3 2018 earnings at $1.65 EPS, Q4 2018 earnings at $1.68 EPS and FY2018 earnings at $6.35 EPS.

A number of other brokerages have also weighed in on TCBI. Barclays reiterated a “neutral” rating and issued a $104.00 price objective (up from $90.00) on shares of Texas Capital Bancshares in a research report on Friday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $100.00 price objective on shares of Texas Capital Bancshares in a research report on Friday, December 22nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $98.50 price objective on shares of Texas Capital Bancshares in a research report on Tuesday, January 9th. SunTrust Banks reiterated a “buy” rating and issued a $100.00 price objective on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Finally, BidaskClub upgraded 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. Texas Capital Bancshares currently has a consensus rating of “Buy” and an average price target of $98.70.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at $98.80 on Monday. The firm has a market capitalization of $4,946.96, a P/E ratio of 26.49, a PEG ratio of 1.43 and a beta of 1.66. Texas Capital Bancshares has a 1 year low of $69.65 and a 1 year high of $102.90. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.28 and a quick ratio of 1.22.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.03. The business had revenue of $230.02 million for the quarter, compared to analysts’ expectations of $219.78 million. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. During the same period in the previous year, the firm earned $0.96 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TCBI. Eagle Asset Management Inc. boosted its position in shares of Texas Capital Bancshares by 791.5% during the third quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock valued at $67,448,000 after purchasing an additional 689,096 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Texas Capital Bancshares during the second quarter valued at approximately $661,000. State Street Corp boosted its position in shares of Texas Capital Bancshares by 14.8% during the second quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock valued at $270,711,000 after purchasing an additional 449,797 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Texas Capital Bancshares by 26.5% during the second quarter. Capital Research Global Investors now owns 2,127,895 shares of the bank’s stock valued at $164,699,000 after purchasing an additional 445,248 shares in the last quarter. Finally, Copper Rock Capital Partners LLC bought a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $28,414,000.

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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.

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

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