Texas Capital Bancshares Inc (TCBI) to Post FY2017 Earnings of $4.14 Per Share, Jefferies Group Forecasts
Texas Capital Bancshares Inc (NASDAQ:TCBI) – Research analysts at Jefferies Group raised their FY2017 EPS estimates for shares of Texas Capital Bancshares in a research report issued to clients and investors on Tuesday. Jefferies Group analyst C. Haire now expects that the bank will earn $4.14 per share for the year, up from their previous estimate of $4.12.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The company had revenue of $204.40 million during the quarter, compared to analyst estimates of $214.08 million. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis.
TCBI has been the subject of a number of other reports. Deutsche Bank boosted their price objective on shares of Texas Capital Bancshares from $93.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Royal Bank of Canada restated a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, October 20th. BidaskClub lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, SunTrust Banks restated a “buy” rating and issued a $100.00 price objective on shares of Texas Capital Bancshares in a report on Wednesday, November 29th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Texas Capital Bancshares currently has an average rating of “Buy” and an average target price of $95.83.
Texas Capital Bancshares (NASDAQ TCBI) opened at $98.05 on Friday. Texas Capital Bancshares has a 1-year low of $69.65 and a 1-year high of $98.05. The firm has a market cap of $4,710.00, a P/E ratio of 25.47, a P/E/G ratio of 1.50 and a beta of 1.66. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22.
In other Texas Capital Bancshares news, COO Peter B. Bartholow sold 3,500 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $87.52, for a total value of $306,320.00. Following the completion of the sale, the chief operating officer now owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.47% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Copper Rock Capital Partners LLC bought a new stake in Texas Capital Bancshares in the 4th quarter worth approximately $28,414,000. GSA Capital Partners LLP bought a new stake in Texas Capital Bancshares in the 3rd quarter worth approximately $421,000. Neuberger Berman Group LLC grew its position in Texas Capital Bancshares by 5.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 364,356 shares of the bank’s stock worth $31,262,000 after purchasing an additional 17,778 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Texas Capital Bancshares in the 3rd quarter worth approximately $1,530,000. Finally, California Public Employees Retirement System grew its position in Texas Capital Bancshares by 5.9% in the 3rd quarter. California Public Employees Retirement System now owns 91,820 shares of the bank’s stock worth $7,878,000 after purchasing an additional 5,120 shares during the period.
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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