Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities research analysts at DA Davidson lifted their Q3 2017 EPS estimates for Texas Capital Bancshares in a research note issued to investors on Wednesday. DA Davidson analyst G. Tenner now forecasts that the bank will post earnings of $1.15 per share for the quarter, up from their prior estimate of $1.09. DA Davidson also issued estimates for Texas Capital Bancshares’ Q4 2017 earnings at $1.07 EPS, FY2017 earnings at $3.98 EPS and FY2018 earnings at $4.68 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, July 19th. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $201.73 million during the quarter, compared to analyst estimates of $197.10 million. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. During the same period in the prior year, the company posted $0.78 earnings per share. WARNING: This piece was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://sportsperspectives.com/2017/08/05/equities-analysts-set-expectations-for-texas-capital-bancshares-inc-s-q3-2017-earnings-tcbi.html.
TCBI has been the subject of several other reports. Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $79.00 to $86.00 in a report on Monday, May 8th. Raymond James Financial, Inc. reissued a “market perform” rating on shares of Texas Capital Bancshares in a report on Thursday, April 20th. BidaskClub cut Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Piper Jaffray Companies reissued a “neutral” rating and set a $80.00 price target (down from $85.00) on shares of Texas Capital Bancshares in a report on Saturday, April 22nd. Finally, Zacks Investment Research cut Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, April 21st. One analyst has rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $86.15.
Texas Capital Bancshares (NASDAQ TCBI) opened at 80.05 on Thursday. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 22.22 and a beta of 1.67. Texas Capital Bancshares has a 52 week low of $46.31 and a 52 week high of $93.35. The company has a 50 day moving average price of $77.85 and a 200-day moving average price of $80.26.
Institutional investors have recently bought and sold shares of the company. Exane Derivatives acquired a new position in Texas Capital Bancshares during the second quarter worth approximately $125,000. Canada Pension Plan Investment Board boosted its position in Texas Capital Bancshares by 88.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock worth $142,000 after buying an additional 800 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Texas Capital Bancshares by 46.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,770 shares of the bank’s stock worth $148,000 after buying an additional 563 shares during the period. Parkwood LLC acquired a new position in Texas Capital Bancshares during the first quarter worth approximately $211,000. Finally, Cipher Capital LP acquired a new position in Texas Capital Bancshares during the first quarter worth approximately $220,000.
In other news, CFO Peter B. Bartholow sold 4,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total transaction of $298,080.00. Following the completion of the transaction, the chief financial officer now owns 37,671 shares of the company’s stock, valued at approximately $2,807,242.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by insiders.
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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