Texas Capital Bancshares (TCBI) Earning Somewhat Positive Media Coverage, Report Finds
News headlines about Texas Capital Bancshares (NASDAQ:TCBI) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Texas Capital Bancshares earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.9808000671209 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Analysts Expect Texas Capital Bancshares, Inc. (TCBI) to Post $1.12 EPS (americanbankingnews.com)
- Texas Capital Bancshares, Inc. – Value Analysis (NASDAQ:TCBI) : August 23, 2017 (finance.yahoo.com)
- Texas Capital (TCBI) Down 11.2% Since Earnings Report: Can It Rebound? (finance.yahoo.com)
- Texas Capital Bancshares, Inc. (TCBI) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
Several research analysts have issued reports on TCBI shares. Wedbush upgraded Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $79.00 to $86.00 in a report on Monday, May 8th. BidaskClub lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. ValuEngine upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Zacks Investment Research lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $86.15.
Shares of Texas Capital Bancshares (TCBI) opened at 73.70 on Tuesday. The stock has a market capitalization of $3.66 billion, a P/E ratio of 20.46 and a beta of 1.67. The company’s 50 day moving average price is $77.35 and its 200-day moving average price is $79.59. Texas Capital Bancshares has a 12 month low of $48.01 and a 12 month high of $93.35.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a net margin of 21.84% and a return on equity of 10.01%. The business had revenue of $201.73 million during the quarter, compared to the consensus estimate of $197.10 million. During the same period in the previous year, the firm posted $0.78 earnings per share. Equities analysts predict that Texas Capital Bancshares will post $4.01 earnings per share for the current year.
In related news, CFO Peter B. Bartholow sold 4,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $74.52, for a total transaction of $298,080.00. Following the completion of the transaction, the chief financial officer now owns 37,671 shares of the company’s stock, valued at $2,807,242.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 acquired at an average cost of $74.15 per share, with a total value of $222,450.00. Following the acquisition, the insider now owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The disclosure for this purchase can be found here. Insiders own 0.47% of the company’s stock.
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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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