Q4 2017 EPS Estimates for Texas Capital Bancshares Inc (TCBI) Boosted by Jefferies Group

Texas Capital Bancshares Inc (NASDAQ:TCBI) – Research analysts at Jefferies Group lifted their Q4 2017 earnings per share (EPS) estimates for Texas Capital Bancshares in a research report issued on Monday, Zacks Investment Research reports. Jefferies Group analyst C. Haire now forecasts that the bank will earn $1.23 per share for the quarter, up from their previous forecast of $1.21. Jefferies Group currently has a “Buy” rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Tuesday, December 26th. Barclays set a $87.00 price target on Texas Capital Bancshares and gave the company a “hold” rating in a research report on Friday, October 20th. Deutsche Bank upped their price target on Texas Capital Bancshares from $93.00 to $95.00 and gave the company a “hold” rating in a research report on Wednesday, November 8th. Royal Bank of Canada restated a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday, October 20th. Finally, Wedbush upgraded shares of Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $108.00 to $87.00 in a research report on Thursday, December 21st. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Texas Capital Bancshares currently has an average rating of “Buy” and a consensus price target of $98.70.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up $1.00 on Tuesday, hitting $95.80. The stock had a trading volume of 523,404 shares, compared to its average volume of 496,932. Texas Capital Bancshares has a 12-month low of $69.65 and a 12-month high of $102.90. The company has a market capitalization of $4,743.42, a PE ratio of 25.37, a PEG ratio of 1.31 and a beta of 1.66. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.23 and a current ratio of 1.28.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, January 24th. The bank reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The firm had revenue of $230.02 million for the quarter, compared to analysts’ expectations of $219.78 million. During the same period in the prior year, the business posted $0.96 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Monarch Partners Asset Management LLC boosted its stake in Texas Capital Bancshares by 137.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 74,610 shares of the bank’s stock worth $6,633,000 after buying an additional 43,160 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Texas Capital Bancshares by 118.9% in the fourth quarter. Victory Capital Management Inc. now owns 378,250 shares of the bank’s stock worth $33,626,000 after buying an additional 205,490 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Texas Capital Bancshares by 39.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the bank’s stock worth $250,000 after buying an additional 791 shares in the last quarter. Exane Derivatives boosted its stake in Texas Capital Bancshares by 78.6% in the fourth quarter. Exane Derivatives now owns 2,850 shares of the bank’s stock worth $253,000 after buying an additional 1,254 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in Texas Capital Bancshares in the fourth quarter worth approximately $227,000.

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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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Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

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