Texas Capital Bancshares Inc (NASDAQ:TCBI) – Equities researchers at Wedbush boosted their FY2017 earnings per share (EPS) estimates for Texas Capital Bancshares in a research report issued on Thursday. Wedbush analyst P. Winter now expects that the bank will post earnings of $4.07 per share for the year, up from their previous forecast of $4.04. Wedbush has a “Outperform” rating and a $87.00 price target on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2017 earnings at $1.18 EPS, Q1 2018 earnings at $1.31 EPS, Q3 2018 earnings at $1.57 EPS, Q4 2018 earnings at $1.59 EPS, FY2018 earnings at $5.89 EPS, Q1 2019 earnings at $1.50 EPS, Q2 2019 earnings at $1.59 EPS and Q3 2019 earnings at $1.83 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 EPS.
Texas Capital Bancshares (TCBI) opened at $92.75 on Monday. The company has a market cap of $4,600.00, a P/E ratio of 24.09, a P/E/G ratio of 1.93 and a beta of 1.66. Texas Capital Bancshares has a 12 month low of $69.65 and a 12 month high of $95.20. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44.
Institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new position in shares of Texas Capital Bancshares during the 3rd quarter worth about $421,000. Neuberger Berman Group LLC raised its position in shares of Texas Capital Bancshares by 5.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 364,356 shares of the bank’s stock worth $31,262,000 after purchasing an additional 17,778 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Texas Capital Bancshares during the 3rd quarter valued at about $1,530,000. California Public Employees Retirement System grew its stake in Texas Capital Bancshares by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 91,820 shares of the bank’s stock valued at $7,878,000 after acquiring an additional 5,120 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake in Texas Capital Bancshares by 439.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,027 shares of the bank’s stock valued at $1,204,000 after acquiring an additional 11,427 shares in the last quarter.
In related news, COO Peter B. Bartholow sold 3,500 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $87.52, for a total transaction of $306,320.00. Following the completion of the transaction, the chief operating officer now directly owns 34,171 shares in the company, valued at $2,990,645.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.47% of the company’s stock.
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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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