Texas Capital Bancshares Inc to Post FY2017 Earnings of $4.07 Per Share, Wedbush Forecasts (TCBI)

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.

TCBI has been the topic of several other reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $100.00 price target on shares of Texas Capital Bancshares in a report on Friday. SunTrust Banks reissued a “buy” rating and set a $100.00 price objective on shares of Texas Capital Bancshares in a report on Wednesday, November 29th. Deutsche Bank boosted their price objective on shares of Texas Capital Bancshares from $93.00 to $95.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. BidaskClub raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Barclays set a $87.00 price objective on shares of Texas Capital Bancshares and gave the company a “hold” rating in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Texas Capital Bancshares currently has an average rating of “Hold” and an average target price of $93.00.

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.

COPYRIGHT VIOLATION NOTICE: “Texas Capital Bancshares Inc to Post FY2017 Earnings of $4.07 Per Share, Wedbush Forecasts (TCBI)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.com-unik.info/2017/12/26/texas-capital-bancshares-inc-to-post-fy2017-earnings-of-4-07-per-share-wedbush-forecasts-tcbi.html.

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.

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

Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.

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