Texas Capital Bancshares, Inc. Expected to Post FY2016 Earnings of $2.94 Per Share (TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at Jefferies Group upped their FY2016 earnings per share estimates for shares of Texas Capital Bancshares in a note issued to investors on Monday. Jefferies Group analyst C. Haire now expects that the firm will post earnings per share of $2.94 for the year, up from their prior estimate of $2.89. Jefferies Group currently has a “Buy” rating and a $87.00 price target on the stock. Jefferies Group also issued estimates for Texas Capital Bancshares’ Q4 2016 earnings at $0.90 EPS, FY2017 earnings at $3.80 EPS and FY2018 earnings at $4.30 EPS.

TCBI has been the subject of several other reports. Wedbush started coverage on shares of Texas Capital Bancshares in a research note on Thursday, October 6th. They issued a “neutral” rating and a $54.00 target price for the company. Deutsche Bank AG raised their target price on shares of Texas Capital Bancshares from $56.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Raymond James Financial, Inc. raised shares of Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $68.00 target price for the company in a research note on Thursday, November 3rd. Compass Point cut shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Finally, Barclays PLC raised their target price on shares of Texas Capital Bancshares from $52.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 11th. Fifteen equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Texas Capital Bancshares presently has a consensus rating of “Hold” and an average price target of $62.33.

Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

WARNING: This piece of content was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/01/11/texas-capital-bancshares-inc-expected-to-post-fy2016-earnings-of-2-94-per-share-tcbi.html.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up 0.68% during trading on Wednesday, hitting $80.90. 202,465 shares of the stock were exchanged. Texas Capital Bancshares has a 1-year low of $29.78 and a 1-year high of $81.35. The firm’s 50-day moving average is $76.71 and its 200 day moving average is $58.69. The company has a market cap of $3.72 billion, a P/E ratio of 28.49 and a beta of 1.39.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Thursday, October 20th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Texas Capital Bancshares had a net margin of 19.24% and a return on equity of 9.15%. During the same period in the previous year, the business posted $0.75 earnings per share.

Hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Asset Management Inc. increased its position in shares of Texas Capital Bancshares by 32.9% in the third quarter. Eagle Asset Management Inc. now owns 70,265 shares of the company’s stock valued at $3,858,000 after buying an additional 17,397 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of Texas Capital Bancshares by 17.5% in the third quarter. BlackRock Advisors LLC now owns 226,295 shares of the company’s stock valued at $12,428,000 after buying an additional 33,724 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Texas Capital Bancshares by 61.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 285,300 shares of the company’s stock valued at $13,341,000 after buying an additional 108,300 shares during the last quarter. Bank of Montreal Can increased its position in shares of Texas Capital Bancshares by 10.8% in the third quarter. Bank of Montreal Can now owns 64,383 shares of the company’s stock valued at $3,536,000 after buying an additional 6,252 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Texas Capital Bancshares by 2.4% in the third quarter. Bank of New York Mellon Corp now owns 690,888 shares of the company’s stock valued at $37,944,000 after buying an additional 16,445 shares during the last quarter. 93.55% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece of content was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/01/11/texas-capital-bancshares-inc-expected-to-post-fy2016-earnings-of-2-94-per-share-tcbi.html.

In other Texas Capital Bancshares news, Director Steve Rosenberg sold 1,241 shares of the business’s stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $59.27, for a total transaction of $73,554.07. Following the completion of the transaction, the director now owns 45,314 shares of the company’s stock, valued at $2,685,760.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.08% of the company’s stock.

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 loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.

5 Day Chart for NASDAQ:TCBI

What are top analysts saying about Texas Capital Bancshares Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Texas Capital Bancshares Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit