Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Analysts at Jefferies Group lifted their Q1 2018 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a research report issued to clients and investors on Wednesday, April 4th. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $1.40 per share for the quarter, up from their prior forecast of $1.35. Jefferies Group currently has a “Buy” rating on the stock.
Several other research firms have also recently commented on TCBI. DA Davidson boosted their target price on Texas Capital Bancshares to $105.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Bank of America boosted their target price on Texas Capital Bancshares from $110.00 to $112.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $98.00 target price on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. Raymond James Financial upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a research note on Thursday, January 25th. Finally, UBS upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $98.75.
NASDAQ TCBI opened at $90.70 on Friday. The company has a market capitalization of $4,618.48, a price-to-earnings ratio of 22.23, a PEG ratio of 1.27 and a beta of 1.78. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. Texas Capital Bancshares has a 52 week low of $69.65 and a 52 week high of $102.90.
Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.03. The firm had revenue of $230.02 million for 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 in the previous year, the business posted $0.96 EPS.
In related news, CEO C Keith Cargill acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average price of $90.60 per share, for a total transaction of $181,200.00. Following the purchase, the chief executive officer now directly owns 82,286 shares in the company, valued at approximately $7,455,111.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ian J. Turpin sold 1,186 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $89.55, for a total value of $106,206.30. Following the sale, the director now owns 9,491 shares in the company, valued at approximately $849,919.05. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Castleark Management LLC bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $222,000. Legato Capital Management LLC bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $227,000. Zeke Capital Advisors LLC bought a new stake in shares of Texas Capital Bancshares during the 4th quarter worth approximately $228,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Texas Capital Bancshares by 39.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,809 shares of the bank’s stock worth $250,000 after purchasing an additional 791 shares in the last quarter. Finally, Exane Derivatives increased its holdings in shares of Texas Capital Bancshares by 78.6% during the 4th quarter. Exane Derivatives now owns 2,850 shares of the bank’s stock worth $253,000 after acquiring an additional 1,254 shares during the last quarter.
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About Texas Capital Bancshares
Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.
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