Texas Capital Bancshares Inc (TCBI) to Post Q2 2018 Earnings of $1.41 Per Share, Wedbush Forecasts

Texas Capital Bancshares Inc (NASDAQ:TCBI) – Stock analysts at Wedbush reduced their Q2 2018 earnings estimates for shares of Texas Capital Bancshares in a research note issued on Thursday. Wedbush analyst P. Winter now expects that the bank will earn $1.41 per share for the quarter, down from their prior estimate of $1.42. Wedbush has a “Outperform” rating and a $87.00 price objective on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2018 earnings at $1.57 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, January 24th. The bank reported $1.19 earnings per share 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 during the quarter, compared to the consensus estimate of $219.78 million. During the same quarter last year, the company earned $0.96 earnings per share.

A number of other equities analysts also recently commented on TCBI. Bank of America lifted their price objective on shares of Texas Capital Bancshares from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $98.00 price objective on shares of Texas Capital Bancshares in a report on Thursday. Jefferies Group reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a report on Thursday. Barclays reaffirmed a “neutral” rating and issued a $104.00 price objective (up previously from $90.00) on shares of Texas Capital Bancshares in a report on Friday. Finally, UBS Group raised shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $98.70.

Shares of Texas Capital Bancshares (TCBI) opened at $98.80 on Monday. 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 quick ratio of 1.22 and a current ratio of 1.28. The firm has a market cap of $4,946.96, a P/E ratio of 26.49, a PEG ratio of 1.43 and a beta of 1.66.

A number of hedge funds have recently bought and sold shares of TCBI. Amalgamated Bank lifted its stake 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 buying an additional 175 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake 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 buying an additional 2,956 shares during the last quarter. Thrivent Financial For Lutherans lifted its stake 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 buying an additional 650 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake 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 buying an additional 685 shares during the last quarter. Finally, Citigroup Inc. lifted its stake 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 buying an additional 8,934 shares during 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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