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.
ILLEGAL ACTIVITY WARNING: This article was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/01/q4-2017-earnings-forecast-for-texas-capital-bancshares-inc-tcbi-issued-by-jefferies-group.html.
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.
Get a free copy of the Zacks research report on Texas Capital Bancshares (TCBI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.