Equities Analysts Offer Predictions for Texas Capital Bancshares, Inc.’s Q4 2017 Earnings (TCBI)
Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Analysts at Jefferies Group upped their Q4 2017 EPS estimates for Texas Capital Bancshares in a research note issued on Thursday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $1.21 for the quarter, up from their prior forecast of $1.16. Jefferies Group has a “Buy” rating and a $104.00 price objective on the stock. Jefferies Group also issued estimates for Texas Capital Bancshares’ Q1 2018 earnings at $1.15 EPS, Q2 2018 earnings at $1.22 EPS, Q3 2018 earnings at $1.32 EPS, FY2018 earnings at $5.00 EPS and FY2019 earnings at $5.45 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The business had revenue of $204.40 million during the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share.
Other equities research analysts have also recently issued reports about the company. ValuEngine upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a report on Tuesday, July 11th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $90.00 target price on shares of Texas Capital Bancshares in a report on Wednesday, October 4th. Bank of America Corporation reiterated a “buy” rating and issued a $100.00 target price (up from $97.00) on shares of Texas Capital Bancshares in a report on Thursday. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of Texas Capital Bancshares in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.60.
Texas Capital Bancshares (NASDAQ:TCBI) opened at 88.00 on Friday. The company has a market cap of $4.36 billion, a P/E ratio of 24.42 and a beta of 1.68. Texas Capital Bancshares has a 12-month low of $56.25 and a 12-month high of $93.35. The firm has a 50-day moving average price of $81.66 and a 200-day moving average price of $78.18.
In other Texas Capital Bancshares news, insider C Keith Cargill bought 3,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $74.15 per share, with a total value of $222,450.00. Following the transaction, the insider now directly owns 80,286 shares of the company’s stock, valued at approximately $5,953,206.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.
Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in Texas Capital Bancshares by 79.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 32,083 shares of the bank’s stock valued at $2,483,000 after buying an additional 14,241 shares in the last quarter. Sapience Investments LLC acquired a new position in Texas Capital Bancshares during the 2nd quarter valued at about $8,909,000. Kennedy Capital Management Inc. increased its position in Texas Capital Bancshares by 378.7% during the 2nd quarter. Kennedy Capital Management Inc. now owns 145,888 shares of the bank’s stock valued at $11,292,000 after buying an additional 115,409 shares in the last quarter. US Bancorp DE increased its position in Texas Capital Bancshares by 5.5% during the 2nd quarter. US Bancorp DE now owns 4,032 shares of the bank’s stock valued at $312,000 after buying an additional 211 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Texas Capital Bancshares by 14.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 240,371 shares of the bank’s stock valued at $20,059,000 after buying an additional 30,906 shares in the last quarter.
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.
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