Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities research analysts at Jefferies Group increased their FY2018 EPS estimates for Texas Capital Bancshares in a note issued to investors on Monday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $4.95 for the year, up from their previous estimate of $4.90. Jefferies Group currently has a “Buy” rating and a $104.00 price target on the stock. Jefferies Group also issued estimates for Texas Capital Bancshares’ FY2019 earnings at $5.40 EPS.
Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC reiterated an “equal weight” rating and set a $80.00 target price (up from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Wedbush downgraded Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $88.00 to $87.00 in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $87.33.
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Shares of Texas Capital Bancshares (NASDAQ TCBI) traded down 0.87% on Tuesday, hitting $85.60. The stock had a trading volume of 115,180 shares. The stock has a 50 day moving average of $79.05 and a 200-day moving average of $77.93. The stock has a market cap of $4.25 billion, a PE ratio of 23.71 and a beta of 1.68. Texas Capital Bancshares has a 12 month low of $54.20 and a 12 month high of $93.35.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. The firm had revenue of $201.73 million for the quarter, compared to analysts’ expectations of $197.10 million. During the same quarter in the prior year, the firm earned $0.78 EPS.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Exane Derivatives bought a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Texas Capital Bancshares by 14.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after buying an additional 248 shares during the last quarter. Hilton Capital Management LLC bought a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $201,000. Cubist Systematic Strategies LLC bought a new position in shares of Texas Capital Bancshares during the second quarter valued at approximately $201,000. Finally, D.A. Davidson & CO. grew its stake in shares of Texas Capital Bancshares by 14.3% during the second quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock valued at $203,000 after buying an additional 329 shares during the last quarter.
In related news, insider C Keith Cargill acquired 3,000 shares of Texas Capital Bancshares stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $74.15 per share, with a total value of $222,450.00. Following the completion of the purchase, the insider now directly owns 80,286 shares of the company’s stock, valued at approximately $5,953,206.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.47% of the company’s stock.
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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