FY2019 EPS Estimates for Texas Capital Bancshares Inc Lifted by Wedbush (NASDAQ:TCBI)

Texas Capital Bancshares Inc (NASDAQ:TCBI) – Equities researchers at Wedbush lifted their FY2019 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a research note issued on Thursday, October 17th. Wedbush analyst P. Winter now anticipates that the bank will post earnings per share of $6.21 for the year, up from their previous forecast of $6.01. Wedbush currently has a “Neutral” rating and a $57.00 target price on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2019 earnings at $1.42 EPS, Q1 2020 earnings at $1.23 EPS, Q2 2020 earnings at $1.33 EPS, Q3 2020 earnings at $1.55 EPS, Q4 2020 earnings at $1.50 EPS, FY2020 earnings at $5.62 EPS and FY2021 earnings at $5.96 EPS.

TCBI has been the subject of a number of other reports. TheStreet cut Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research report on Friday, August 30th. Raymond James cut Texas Capital Bancshares from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 29th. UBS Group cut Texas Capital Bancshares from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $62.00 to $52.00 in a research report on Monday, August 5th. ValuEngine raised Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, BidaskClub raised Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a report on Thursday, September 12th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $60.11.

Texas Capital Bancshares stock opened at $55.66 on Monday. Texas Capital Bancshares has a twelve month low of $47.86 and a twelve month high of $67.73. The stock has a 50 day moving average of $54.30 and a two-hundred day moving average of $58.38. The company has a current ratio of 1.20, a quick ratio of 1.21 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.18 and a beta of 1.88.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, October 16th. The bank reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.21. Texas Capital Bancshares had a return on equity of 12.95% and a net margin of 22.29%. The company had revenue of $272.47 million during the quarter, compared to analysts’ expectations of $262.12 million. During the same period last year, the firm earned $1.65 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zeke Capital Advisors LLC lifted its holdings in shares of Texas Capital Bancshares by 55.3% in the 3rd quarter. Zeke Capital Advisors LLC now owns 16,366 shares of the bank’s stock valued at $894,000 after buying an additional 5,826 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Texas Capital Bancshares by 57.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 8,937 shares of the bank’s stock valued at $488,000 after buying an additional 3,243 shares during the period. LBJ Family Wealth Advisors Ltd. lifted its holdings in shares of Texas Capital Bancshares by 13.9% in the 3rd quarter. LBJ Family Wealth Advisors Ltd. now owns 26,985 shares of the bank’s stock valued at $1,475,000 after buying an additional 3,292 shares during the period. Treasurer of the State of North Carolina lifted its holdings in shares of Texas Capital Bancshares by 13.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 24,678 shares of the bank’s stock valued at $1,514,000 after buying an additional 2,980 shares during the period. Finally, Natixis acquired a new stake in shares of Texas Capital Bancshares in the 2nd quarter valued at approximately $7,340,000. 95.36% of the stock is owned by institutional investors and hedge funds.

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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