Texas Capital Bancshares Inc (TCBI) Expected to Announce Quarterly Sales of $225.18 Million

Brokerages expect Texas Capital Bancshares Inc (NASDAQ:TCBI) to post $225.18 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Texas Capital Bancshares’ earnings, with the highest sales estimate coming in at $229.50 million and the lowest estimate coming in at $220.10 million. Texas Capital Bancshares posted sales of $180.47 million during the same quarter last year, which suggests a positive year-over-year growth rate of 24.8%. The company is scheduled to report its next earnings report on Wednesday, April 18th.

On average, analysts expect that Texas Capital Bancshares will report full-year sales of $225.18 million for the current year, with estimates ranging from $952.70 million to $992.30 million. For the next year, analysts expect that the business will report sales of $1.08 billion per share, with estimates ranging from $1.05 billion to $1.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Texas Capital Bancshares.

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

TCBI has been the subject of a number of research reports. DA Davidson restated a “neutral” rating and issued a $90.00 target price on shares of Texas Capital Bancshares in a research note on Thursday, October 19th. SunTrust Banks restated a “buy” rating and issued a $95.00 target price on shares of Texas Capital Bancshares in a research note on Thursday, October 19th. Bank of America restated a “buy” rating and issued a $100.00 target price (up from $97.00) on shares of Texas Capital Bancshares in a research note on Thursday, October 19th. Royal Bank of Canada restated a “buy” rating on shares of Texas Capital Bancshares in a research note on Friday, October 20th. Finally, Barclays set a $87.00 target price on Texas Capital Bancshares and gave the company a “hold” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $98.75.

In other news, CEO C Keith Cargill bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were purchased at an average price of $90.60 per share, with a total value of $181,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 82,286 shares in the company, valued at $7,455,111.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.47% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in Texas Capital Bancshares by 14.8% during the second quarter. State Street Corp now owns 3,497,607 shares of the bank’s stock worth $270,711,000 after purchasing an additional 449,797 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in Texas Capital Bancshares by 3.6% during the second quarter. Wasatch Advisors Inc. now owns 1,438,060 shares of the bank’s stock worth $111,306,000 after purchasing an additional 50,474 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Texas Capital Bancshares by 22.1% during the third quarter. Bank of New York Mellon Corp now owns 1,149,203 shares of the bank’s stock worth $98,602,000 after purchasing an additional 208,235 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in Texas Capital Bancshares by 791.5% during the third quarter. Eagle Asset Management Inc. now owns 776,161 shares of the bank’s stock worth $67,448,000 after purchasing an additional 689,096 shares in the last quarter. Finally, Channing Capital Management LLC raised its holdings in Texas Capital Bancshares by 3.4% during the third quarter. Channing Capital Management LLC now owns 739,956 shares of the bank’s stock worth $63,488,000 after purchasing an additional 24,611 shares in the last quarter.

Texas Capital Bancshares (NASDAQ TCBI) opened at $92.15 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 1.56. Texas Capital Bancshares has a 52 week low of $69.65 and a 52 week high of $102.90. The company has a market capitalization of $4,570.00, a P/E ratio of 24.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.77.

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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.

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

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