Texas Capital Bancshares Inc (NASDAQ:TCBI) – Stock analysts at Wedbush reduced their Q1 2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a research report issued on Thursday. Wedbush analyst P. Winter now forecasts that the bank will earn $1.00 per share for the quarter, down from their previous forecast of $1.19. Wedbush also issued estimates for Texas Capital Bancshares’ Q2 2018 earnings at $1.11 EPS, Q3 2018 earnings at $1.23 EPS, Q4 2018 earnings at $1.24 EPS and FY2018 earnings at $4.58 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, April 19th. The bank reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by $0.08. The company earned $180.47 million during the quarter, compared to the consensus estimate of $192.60 million. Texas Capital Bancshares had a return on equity of 9.94% and a net margin of 19.98%. During the same period last year, the firm posted $0.49 EPS.

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

TCBI has been the topic of several other reports. Zacks Investment Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Tuesday, January 17th. Stephens restated a “hold” rating on shares of Texas Capital Bancshares in a research report on Thursday. Jefferies Group LLC restated a “buy” rating and set a $102.00 price objective on shares of Texas Capital Bancshares in a research report on Tuesday, March 21st. Raymond James Financial, Inc. restated a “market perform” rating on shares of Texas Capital Bancshares in a research report on Thursday. Finally, Keefe, Bruyette & Woods set a $83.00 price objective on shares of Texas Capital Bancshares and gave the company a “hold” rating in a research report on Monday, April 3rd. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $73.57.

Texas Capital Bancshares (NASDAQ:TCBI) traded up 0.78% during midday trading on Friday, hitting $74.40. 425,216 shares of the company were exchanged. The stock has a 50 day moving average of $83.16 and a 200-day moving average of $76.03. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 23.92 and a beta of 1.41. Texas Capital Bancshares has a 1-year low of $40.90 and a 1-year high of $93.35.

Several institutional investors have recently modified their holdings of TCBI. New York State Common Retirement Fund boosted its position in shares of Texas Capital Bancshares by 1.6% in the third quarter. New York State Common Retirement Fund now owns 190,734 shares of the bank’s stock worth $10,475,000 after buying an additional 3,084 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Texas Capital Bancshares by 8.0% in the third quarter. BlackRock Fund Advisors now owns 3,256,928 shares of the bank’s stock worth $178,870,000 after buying an additional 241,599 shares during the last quarter. BlackRock Inc. boosted its position in shares of Texas Capital Bancshares by 89.7% in the third quarter. BlackRock Inc. now owns 21,580 shares of the bank’s stock worth $1,186,000 after buying an additional 10,205 shares during the last quarter. BlackRock Investment Management LLC boosted its position in shares of Texas Capital Bancshares by 3.2% in the third quarter. BlackRock Investment Management LLC now owns 216,065 shares of the bank’s stock worth $11,866,000 after buying an additional 6,738 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of Texas Capital Bancshares by 17.5% in the third quarter. BlackRock Advisors LLC now owns 226,295 shares of the bank’s stock worth $12,428,000 after buying an additional 33,724 shares during the last quarter. 95.46% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:TCBI

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