Q1 2018 Earnings Forecast for Texas Capital Bancshares Inc Issued By Jefferies Group (NASDAQ:TCBI)

Texas Capital Bancshares Inc (NASDAQ:TCBI) – Investment analysts at Jefferies Group cut their Q1 2018 earnings per share estimates for Texas Capital Bancshares in a research note issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst C. Haire now anticipates that the bank will earn $1.35 per share for the quarter, down from their previous estimate of $1.36. Jefferies Group has a “Buy” rating on the stock.

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

Several other research firms have also issued reports on TCBI. Barclays reiterated a “neutral” rating and set a $104.00 price target (up previously from $90.00) on shares of Texas Capital Bancshares in a research report on Friday, January 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a research report on Friday, December 22nd. Piper Jaffray Companies restated a “hold” rating and issued a $98.50 target price on shares of Texas Capital Bancshares in a research report on Tuesday, January 9th. SunTrust Banks restated a “buy” rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Finally, BidaskClub upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $98.75.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at $90.25 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. The stock has a market cap of $4,480.00, a P/E ratio of 24.20, a P/E/G ratio of 1.23 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.

Hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Texas Capital Bancshares during the third quarter valued at $101,000. Rehmann Capital Advisory Group bought a new position in shares of Texas Capital Bancshares during the third quarter valued at $201,000. Cubist Systematic Strategies LLC bought a new position in shares of Texas Capital Bancshares during the second quarter valued at $201,000. D.A. Davidson & CO. raised 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 acquiring an additional 329 shares during the last quarter. Finally, Signature Financial Management Inc. bought a new position in shares of Texas Capital Bancshares during the third quarter valued at $215,000.

In other Texas Capital Bancshares news, CEO C Keith Cargill purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was purchased at an average price of $90.60 per share, with a total value of $181,200.00. Following the completion of the purchase, the chief executive officer now owns 82,286 shares of the company’s stock, valued at $7,455,111.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION WARNING: “Q1 2018 Earnings Forecast for Texas Capital Bancshares Inc Issued By Jefferies Group (NASDAQ:TCBI)” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/13/jefferies-group-analysts-reduce-earnings-estimates-for-texas-capital-bancshares-inc-tcbi.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

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

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.

Leave a Reply