News stories about Texas Capital Bancshares (NASDAQ:TCBI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Texas Capital Bancshares earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 45.7102720788163 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- EPS for Texas Capital Bancshares, Inc. (TCBI) Expected At $1.15 (nismagazine.com)
- Texas Capital Bancshares’ (TCBI) “Hold” Rating Reiterated at Keefe, Bruyette & Woods (americanbankingnews.com)
- Q2 2018 Earnings Estimate for Texas Capital Bancshares Inc Issued By Wedbush (TCBI) (americanbankingnews.com)
- Texas Capital Bank, FHLB Dallas Award $200K to Houston Businesses (businesswire.com)
- First Week of February 2018 Options Trading For Texas Capital Bancshares (TCBI) (nasdaq.com)
A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a report on Friday. Wedbush upgraded Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and dropped their price objective for the company from $108.00 to $87.00 in a report on Thursday. BidaskClub upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday. SunTrust Banks reiterated a “buy” rating and issued a $100.00 target price on shares of Texas Capital Bancshares in a report on Wednesday, November 29th. Finally, Deutsche Bank upped their target price on Texas Capital Bancshares from $93.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, November 8th. One equities research 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. The stock has an average rating of “Hold” and a consensus price target of $93.00.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $204.40 million during the quarter, compared to analysts’ expectations of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. analysts forecast that Texas Capital Bancshares will post 4.03 EPS for the current fiscal year.
In related news, COO Peter B. Bartholow sold 3,500 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $87.52, for a total transaction of $306,320.00. Following the completion of the sale, the chief operating officer now directly owns 34,171 shares in the company, valued at approximately $2,990,645.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.47% of the company’s stock.
Texas Capital Bancshares Company Profile
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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