Texas Capital Bancshares Inc (NASDAQ:TCBI) – Equities researchers at Wedbush boosted their Q3 2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a research report issued on Wednesday, September 26th. Wedbush analyst P. Winter now expects that the bank will post earnings of $1.71 per share for the quarter, up from their previous forecast of $1.69. Wedbush has a “$96.20” rating and a $110.00 price target on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ FY2020 earnings at $7.46 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 18th. The bank reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.01). The company had revenue of $248.99 million for the quarter, compared to analysts’ expectations of $242.58 million. Texas Capital Bancshares had a net margin of 22.15% and a return on equity of 12.51%. During the same period last year, the firm earned $0.97 earnings per share.

A number of other equities research analysts have also weighed in on the stock. ValuEngine lowered shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Monday. Zacks Investment Research raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a report on Tuesday, September 18th. BidaskClub lowered shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a report on Saturday, September 15th. Sandler O’Neill reaffirmed a “hold” rating and issued a $103.00 price target on shares of Texas Capital Bancshares in a report on Friday, July 20th. Finally, SunTrust Banks reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, July 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $106.33.

Shares of TCBI opened at $82.85 on Friday. The firm has a market cap of $4.39 billion, a PE ratio of 20.51, a P/E/G ratio of 1.26 and a beta of 1.76. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.26 and a current ratio of 1.32. Texas Capital Bancshares has a 1-year low of $77.65 and a 1-year high of $103.05.

Hedge funds have recently bought and sold shares of the company. Sentry Investments Corp. acquired a new position in shares of Texas Capital Bancshares during the 1st quarter worth about $224,000. Amalgamated Bank raised its position in shares of Texas Capital Bancshares by 57.9% during the 2nd quarter. Amalgamated Bank now owns 11,296 shares of the bank’s stock worth $1,034,000 after purchasing an additional 4,143 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Texas Capital Bancshares by 3.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 42,474 shares of the bank’s stock worth $3,886,000 after purchasing an additional 1,443 shares during the last quarter. Standard Life Aberdeen plc raised its position in shares of Texas Capital Bancshares by 64.8% during the 2nd quarter. Standard Life Aberdeen plc now owns 471,594 shares of the bank’s stock worth $43,162,000 after purchasing an additional 185,407 shares during the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of Texas Capital Bancshares by 12.6% during the 2nd quarter. King Luther Capital Management Corp now owns 127,136 shares of the bank’s stock worth $11,633,000 after purchasing an additional 14,257 shares during the last quarter.

In other news, Director Ian J. Turpin sold 5,320 shares of the stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $93.06, for a total transaction of $495,079.20. Following the sale, the director now directly owns 8,602 shares of the company’s stock, valued at approximately $800,502.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate 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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