Texas Capital Bancshares Inc (NASDAQ:TCBI) – Investment analysts at Jefferies Financial Group decreased their FY2018 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a report issued on Thursday, October 18th. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings per share of $6.02 for the year, down from their previous forecast of $6.27. Jefferies Financial Group has a “Buy” rating and a $105.00 price objective on the stock. Jefferies Financial Group also issued estimates for Texas Capital Bancshares’ Q4 2018 earnings at $1.61 EPS, Q1 2019 earnings at $1.46 EPS, Q2 2019 earnings at $1.53 EPS, Q3 2019 earnings at $1.60 EPS and Q4 2019 earnings at $1.61 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, October 17th. The bank reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.07). The firm had revenue of $257.69 million during the quarter, compared to analyst estimates of $257.14 million. Texas Capital Bancshares had a net margin of 23.10% and a return on equity of 13.36%. During the same quarter in the prior year, the business earned $1.12 earnings per share.

Several other brokerages also recently commented on TCBI. SunTrust Banks restated a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, July 20th. BidaskClub upgraded shares of Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, July 21st. Sandler O’Neill restated a “hold” rating and set a $103.00 target price on shares of Texas Capital Bancshares in a report on Friday, July 20th. Piper Jaffray Companies restated a “buy” rating and set a $117.00 target price on shares of Texas Capital Bancshares in a report on Friday, July 20th. Finally, Royal Bank of Canada restated a “buy” rating and set a $110.00 target price on shares of Texas Capital Bancshares in a report on Friday, July 20th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Texas Capital Bancshares has a consensus rating of “Hold” and a consensus target price of $99.47.

Shares of NASDAQ:TCBI opened at $66.83 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.26 and a current ratio of 1.29. The company has a market capitalization of $3.35 billion, a P/E ratio of 16.38, a PEG ratio of 0.97 and a beta of 1.77. Texas Capital Bancshares has a fifty-two week low of $66.50 and a fifty-two week high of $103.05.

Several institutional investors and hedge funds have recently modified their holdings of the company. Oakbrook Investments LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $442,000. State of Alaska Department of Revenue grew its stake in shares of Texas Capital Bancshares by 49.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,741 shares of the bank’s stock worth $473,000 after acquiring an additional 1,911 shares in the last quarter. Cerebellum GP LLC bought a new position in shares of Texas Capital Bancshares during the 3rd quarter worth approximately $172,000. United Services Automobile Association grew its stake in shares of Texas Capital Bancshares by 1.4% during the 2nd quarter. United Services Automobile Association now owns 216,823 shares of the bank’s stock worth $19,839,000 after acquiring an additional 3,020 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of Texas Capital Bancshares by 3,729.3% during the 2nd quarter. WINTON GROUP Ltd now owns 106,378 shares of the bank’s stock worth $9,734,000 after acquiring an additional 103,600 shares in the last quarter.

In other news, Director Ian J. Turpin sold 5,320 shares of the firm’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $93.06, for a total transaction of $495,079.20. Following the completion of the transaction, the director now directly owns 8,602 shares of the company’s stock, valued at approximately $800,502.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vince A. Ackerson purchased 2,000 shares of the firm’s stock in a transaction dated Friday, October 19th. The shares were acquired at an average cost of $67.00 per share, with a total value of $134,000.00. Following the completion of the purchase, the insider now directly owns 28,485 shares in the company, valued at $1,908,495. The disclosure for this purchase can be found here. Company insiders own 0.48% of the company’s stock.

About Texas Capital Bancshares

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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