Texas Capital Bancshares Inc (NASDAQ:TCBI) – Investment analysts at Piper Jaffray Companies lowered their FY2019 EPS estimates for Texas Capital Bancshares in a research note issued on Friday, March 22nd. Piper Jaffray Companies analyst B. Rabatin now forecasts that the bank will post earnings per share of $6.09 for the year, down from their prior forecast of $6.12.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its 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). Texas Capital Bancshares had a net margin of 24.02% and a return on equity of 13.35%. The business had revenue of $255.95 million for the quarter, compared to analysts’ expectations of $253.17 million. During the same quarter last year, the business earned $1.19 EPS.

A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, January 28th. 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 report on Thursday, January 10th. Jefferies Financial Group lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Stephens reiterated a “hold” rating and set a $59.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday, December 19th. Finally, JPMorgan Chase & Co. assumed coverage on Texas Capital Bancshares in a research report on Friday, December 14th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Texas Capital Bancshares currently has a consensus rating of “Hold” and an average price target of $90.93.

Shares of NASDAQ:TCBI opened at $54.34 on Monday. Texas Capital Bancshares has a 1 year low of $47.86 and a 1 year high of $103.05. The company has a market cap of $2.67 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.81 and a beta of 1.79. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.23 and a current ratio of 1.32.

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

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in Texas Capital Bancshares by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 524,855 shares of the bank’s stock valued at $26,814,000 after purchasing an additional 49,522 shares in the last quarter. Norges Bank purchased a new position in Texas Capital Bancshares in the 4th quarter valued at $14,746,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Texas Capital Bancshares by 14.6% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,336,828 shares of the bank’s stock worth $68,298,000 after acquiring an additional 170,059 shares during the last quarter. Amalgamated Bank increased its stake in shares of Texas Capital Bancshares by 33.3% in the 4th quarter. Amalgamated Bank now owns 11,001 shares of the bank’s stock worth $562,000 after acquiring an additional 2,750 shares during the last quarter. Finally, Context BH Capital Management LP acquired a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $12,423,000. Institutional investors own 98.45% 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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