Texas Capital Bancshares Inc (NASDAQ:TCBI) – Analysts at SunTrust Banks upped their Q1 2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a research report issued on Monday, according to Zacks Investment Research. SunTrust Banks analyst J. Demba now forecasts that the bank will earn $1.27 per share for the quarter, up from their previous estimate of $1.05. SunTrust Banks has a “Buy” rating and a $100.00 price target on the stock. SunTrust Banks also issued estimates for Texas Capital Bancshares’ Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.62 EPS, Q4 2018 earnings at $1.62 EPS, FY2018 earnings at $5.88 EPS and FY2019 earnings at $6.29 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, January 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.03. The firm had revenue of $230.02 million during the quarter, compared to analysts’ expectations of $219.78 million. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. During the same quarter last year, the firm earned $0.96 earnings per share.
TCBI has been the subject of a number of other research reports. Deutsche Bank lifted their price objective 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 reissued a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday, October 20th. Zacks Investment Research raised Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Tuesday, December 26th. BidaskClub cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, Bank of America reaffirmed a “buy” rating and issued a $100.00 price target (up previously from $97.00) on shares of Texas Capital Bancshares in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Texas Capital Bancshares presently has an average rating of “Hold” and a consensus target price of $98.75.
Texas Capital Bancshares (NASDAQ:TCBI) traded down $1.15 on Wednesday, reaching $94.65. The company had a trading volume of 544,531 shares, compared to its average volume of 480,291. The firm has a market capitalization of $4,755.83, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.31 and a beta of 1.77. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $102.90. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56.
Several large investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado lifted its position in shares of Texas Capital Bancshares by 0.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 232,141 shares of the bank’s stock worth $20,637,000 after buying an additional 1,741 shares during the last quarter. Aperio Group LLC increased its stake in shares of Texas Capital Bancshares by 5.0% in the fourth quarter. Aperio Group LLC now owns 12,819 shares of the bank’s stock worth $1,140,000 after purchasing an additional 610 shares during the period. Monarch Partners Asset Management LLC increased its stake in shares of 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 purchasing an additional 43,160 shares during the period. Victory Capital Management Inc. increased its stake in shares of 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 purchasing an additional 205,490 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 purchasing an additional 791 shares during the period.
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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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