Texas Capital Bancshares Inc (NASDAQ:TCBI) – FIG Partners reduced their FY2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a research note issued on Wednesday, June 20th. FIG Partners analyst J. Rodis now forecasts that the bank will post earnings of $5.99 per share for the year, down from their prior estimate of $6.15.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, April 18th. The bank reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. The business had revenue of $230.25 million for the quarter, compared to the consensus estimate of $225.43 million. Texas Capital Bancshares had a return on equity of 12.00% and a net margin of 22.07%. During the same period last year, the business posted $0.80 EPS.
Several other brokerages also recently commented on TCBI. BidaskClub upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, June 8th. ValuEngine upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, May 12th. Deutsche Bank raised their target price on Texas Capital Bancshares from $106.00 to $109.00 and gave the company a “hold” rating in a report on Friday, May 4th. Jefferies Financial Group reiterated a “buy” rating and set a $103.00 target price on shares of Texas Capital Bancshares in a report on Thursday, April 19th. Finally, Zacks Investment Research downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, June 22nd. 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. Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus price target of $102.75.
Shares of NASDAQ:TCBI opened at $94.05 on Monday. The stock has a market cap of $4.71 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.36 and a beta of 1.74. The company has a current ratio of 1.26, a quick ratio of 1.20 and a debt-to-equity ratio of 1.27. Texas Capital Bancshares has a one year low of $69.65 and a one year high of $103.05.
Hedge funds have recently bought and sold shares of the business. Hodges Capital Management Inc. purchased a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $200,000. Castleark Management LLC purchased a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $222,000. Commonwealth Equity Services LLC purchased a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $222,000. Sentry Investments Corp. purchased a new stake in Texas Capital Bancshares during the 1st quarter worth approximately $224,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Texas Capital Bancshares during the 4th quarter worth approximately $228,000.
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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