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.
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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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