Texas Capital Bancshares Inc (NASDAQ:TCBI) – Investment analysts at SunTrust Banks reduced their Q1 2019 earnings estimates for shares of Texas Capital Bancshares in a note issued to investors on Wednesday, March 13th. SunTrust Banks analyst J. Demba now forecasts that the bank will earn $1.30 per share for the quarter, down from their prior forecast of $1.44. SunTrust Banks also issued estimates for Texas Capital Bancshares’ Q2 2019 earnings at $1.54 EPS, Q4 2019 earnings at $1.81 EPS, Q1 2020 earnings at $1.61 EPS, Q2 2020 earnings at $1.58 EPS and Q4 2020 earnings at $1.82 EPS.

TCBI has been the subject of a number of other reports. Zacks Investment Research raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. Stephens restated a “hold” rating and issued a $59.00 target price on shares of Texas Capital Bancshares in a research note on Wednesday, December 19th. Wedbush lowered their target price on Texas Capital Bancshares from $93.00 to $84.00 and set an “outperform” rating on the stock in a research note on Thursday, December 6th. JPMorgan Chase & Co. started coverage on Texas Capital Bancshares in a research note on Friday, December 14th. They issued a “neutral” rating on the stock. Finally, Barclays upgraded Texas Capital Bancshares from an “equal weight” rating to an “overweight” rating and set a $70.00 target price on the stock in a research note on Thursday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $90.93.

NASDAQ TCBI opened at $58.57 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.32 and a debt-to-equity ratio of 1.83. The company has a market capitalization of $2.94 billion, a PE ratio of 10.12, a P/E/G ratio of 0.90 and a beta of 1.79. Texas Capital Bancshares has a 52-week low of $47.86 and a 52-week high of $103.05.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, January 23rd. The bank reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.21). The company had revenue of $255.95 million during the quarter, compared to analysts’ expectations of $253.17 million. Texas Capital Bancshares had a return on equity of 13.35% and a net margin of 24.02%. During the same period last year, the company earned $1.19 earnings per share.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TCBI. Two Sigma Investments LP boosted its stake in shares of Texas Capital Bancshares by 2,986.2% during the 4th quarter. Two Sigma Investments LP now owns 695,098 shares of the bank’s stock worth $35,513,000 after acquiring an additional 672,575 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Texas Capital Bancshares by 109.9% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,036,454 shares of the bank’s stock worth $52,952,000 after acquiring an additional 542,759 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $24,228,000. Two Sigma Advisers LP bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth about $21,453,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Texas Capital Bancshares by 31.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,586,926 shares of the bank’s stock worth $131,159,000 after acquiring an additional 377,750 shares in the last quarter. Institutional investors own 97.90% of the company’s stock.

In other news, Director Steve Rosenberg sold 2,305 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $61.31, for a total transaction of $141,319.55. Following the completion of the sale, the director now owns 35,008 shares in the company, valued at approximately $2,146,340.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ian J. Turpin sold 1,294 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $60.72, for a total value of $78,571.68. Following the sale, the director now owns 8,102 shares of the company’s stock, valued at approximately $491,953.44. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

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

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