Q4 2016 Earnings Estimate for Texas Capital Bancshares Inc. (TCBI) Issued By Jefferies Group
Texas Capital Bancshares Inc. (NASDAQ:TCBI) – Equities researchers at Jefferies Group issued their Q4 2016 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a research report issued to clients and investors on Tuesday. Jefferies Group analyst E. Harmon forecasts that the firm will post earnings per share of $0.87 for the quarter.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.01. Texas Capital Bancshares had a net margin of 19.73% and a return on equity of 9.14%. During the same period last year, the business earned $0.76 earnings per share.
Several other research analysts also recently issued reports on the company. Barclays PLC lifted their price target on Texas Capital Bancshares from $52.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Deutsche Bank AG lifted their price target on Texas Capital Bancshares from $56.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday. Wedbush began coverage on Texas Capital Bancshares in a research note on Thursday, October 6th. They set a “neutral” rating and a $54.00 price target for the company. TheStreet downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Raymond James Financial Inc. reaffirmed an “outperform” rating and set a $54.00 price target (up previously from $52.00) on shares of Texas Capital Bancshares in a research note on Thursday, July 21st. Fifteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $52.50.
Texas Capital Bancshares (NASDAQ:TCBI) opened at 55.45 on Friday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 20.46 and a beta of 1.47. The stock has a 50 day moving average of $53.77 and a 200 day moving average of $48.03. Texas Capital Bancshares has a 1-year low of $29.78 and a 1-year high of $61.83.
In other Texas Capital Bancshares news, Director James H. Browning sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $52.55, for a total value of $131,375.00. Following the completion of the transaction, the director now owns 8,314 shares in the company, valued at approximately $436,900.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.08% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Texas Capital Bancshares by 97.3% in the first quarter. BlackRock Inc. now owns 3,097 shares of the company’s stock worth $118,000 after buying an additional 1,527 shares in the last quarter. Quantbot Technologies LP bought a new position in Texas Capital Bancshares during the second quarter worth $149,000. Strs Ohio boosted its position in Texas Capital Bancshares by 400.0% in the second quarter. Strs Ohio now owns 4,000 shares of the company’s stock worth $187,000 after buying an additional 3,200 shares in the last quarter. GSA Capital Partners LLP bought a new position in Texas Capital Bancshares during the second quarter worth $205,000. Finally, Suntrust Banks Inc. bought a new position in Texas Capital Bancshares during the second quarter worth $230,000.
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 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.
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