Texas Capital Bancshares Inc. (NASDAQ:TCBI) – Stock analysts at Wedbush lowered their Q3 2016 EPS estimates for shares of Texas Capital Bancshares in a report issued on Wednesday. Wedbush analyst now forecasts that the brokerage will earn $0.87 per share for the quarter, down from their previous estimate of $0.89. Wedbush currently has a “Neutral” rating and a $54.00 price target on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ FY2016 earnings at $3.05 EPS and FY2017 earnings at $3.67 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, July 20th. The company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 19.73%. During the same quarter in the prior year, the business posted $0.76 EPS.

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

Several other brokerages have also weighed in on TCBI. Deutsche Bank AG increased their price objective on Texas Capital Bancshares from $56.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays PLC raised their price target on Texas Capital Bancshares from $52.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Raymond James Financial Inc. restated an “outperform” rating and set a $54.00 price target (up from $52.00) on shares of Texas Capital Bancshares in a research report on Thursday, July 21st. Citigroup Inc. lowered Texas Capital Bancshares to an “outperform” rating and raised their price target for the stock from $52.00 to $54.00 in a research report on Thursday, July 21st. Finally, TheStreet lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Fifteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Texas Capital Bancshares currently has an average rating of “Hold” and a consensus price target of $52.50.

Texas Capital Bancshares (NASDAQ:TCBI) opened at 55.45 on Thursday. The company’s 50-day moving average price is $53.77 and its 200 day moving average price is $48.03. The stock has a market capitalization of $2.55 billion, a P/E ratio of 20.46 and a beta of 1.47. Texas Capital Bancshares has a 52 week low of $29.78 and a 52 week high of $61.83.

Hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Texas Capital Bancshares by 145.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,594 shares of the company’s stock valued at $1,328,000 after buying an additional 20,490 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Texas Capital Bancshares by 13.8% in the first quarter. TIAA CREF Investment Management LLC now owns 170,460 shares of the company’s stock valued at $6,542,000 after buying an additional 20,675 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Texas Capital Bancshares by 197.3% in the first quarter. Prudential Financial Inc. now owns 351,732 shares of the company’s stock valued at $13,499,000 after buying an additional 233,410 shares during the last quarter. BlackRock Inc. raised its position in shares of Texas Capital Bancshares by 97.3% in the first quarter. BlackRock Inc. now owns 3,097 shares of the company’s stock valued at $118,000 after buying an additional 1,527 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of Texas Capital Bancshares by 7.5% in the first quarter. BlackRock Group LTD now owns 56,280 shares of the company’s stock valued at $2,160,000 after buying an additional 3,906 shares during the last quarter.

In other Texas Capital Bancshares news, Director James H. Browning sold 2,500 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 8,314 shares in the company, valued at $436,900.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.08% of the stock is owned by company insiders.

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

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