Texas Capital Bancshares Inc (NASDAQ:TCBI) – Investment analysts at Piper Jaffray Companies cut their Q2 2018 earnings estimates for shares of Texas Capital Bancshares in a research report issued on Tuesday, June 19th. Piper Jaffray Companies analyst B. Rabatin now forecasts that the bank will post earnings per share of $1.33 for the quarter, down from their previous forecast of $1.50. Piper Jaffray Companies has a “Overweight” rating on the stock. Piper Jaffray Companies also issued estimates for Texas Capital Bancshares’ Q3 2018 earnings at $1.55 EPS, Q4 2018 earnings at $1.61 EPS, FY2018 earnings at $5.87 EPS, Q1 2019 earnings at $1.59 EPS, Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $1.70 EPS, Q4 2019 earnings at $1.74 EPS and FY2019 earnings at $6.65 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, April 18th. The bank reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. The firm had revenue of $230.25 million during the quarter, compared to analysts’ expectations of $225.43 million. Texas Capital Bancshares had a net margin of 22.07% and a return on equity of 12.00%. During the same quarter last year, the company posted $0.80 earnings per share.
A number of other analysts have also recently issued reports on TCBI. Stephens restated a “hold” rating on shares of Texas Capital Bancshares in a research note on Tuesday, March 6th. BidaskClub upgraded shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. UBS Group started coverage on shares of Texas Capital Bancshares in a research note on Thursday, March 22nd. They set a “sell” rating for the company. Keefe, Bruyette & Woods restated a “hold” rating on shares of Texas Capital Bancshares in a research note on Thursday, April 19th. Finally, SunTrust Banks cut their target price on shares of Texas Capital Bancshares to $100.00 in a research note on Thursday, April 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $102.75.
Texas Capital Bancshares opened at $94.90 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 1.20, a current ratio of 1.26 and a debt-to-equity ratio of 1.27. The stock has a market cap of $4.69 billion, a PE ratio of 23.26, a P/E/G ratio of 1.27 and a beta of 1.74. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $103.05.
A number of large investors have recently added to or reduced their stakes in TCBI. Carillon Tower Advisers Inc. bought a new position in Texas Capital Bancshares during the fourth quarter worth about $42,292,000. Lazard Asset Management LLC bought a new position in Texas Capital Bancshares during the fourth quarter worth about $12,954,000. BlackRock Inc. increased its position in Texas Capital Bancshares by 2.4% during the first quarter. BlackRock Inc. now owns 5,433,137 shares of the bank’s stock worth $488,439,000 after acquiring an additional 124,992 shares during the period. Deutsche Bank AG increased its position in Texas Capital Bancshares by 137.4% during the fourth quarter. Deutsche Bank AG now owns 154,952 shares of the bank’s stock worth $13,772,000 after acquiring an additional 89,691 shares during the period. Finally, Victory Capital Management Inc. increased its position in Texas Capital Bancshares by 22.9% during the first quarter. Victory Capital Management Inc. now owns 464,721 shares of the bank’s stock worth $41,779,000 after acquiring an additional 86,471 shares during the period.
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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