Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Research analysts at SunTrust Banks upped their FY2017 EPS estimates for shares of Texas Capital Bancshares in a research note issued to investors on Wednesday. SunTrust Banks analyst J. Demba now anticipates that the bank will earn $4.03 per share for the year, up from their previous estimate of $3.92. SunTrust Banks has a “Buy” rating and a $95.00 price objective on the stock. SunTrust Banks also issued estimates for Texas Capital Bancshares’ Q3 2018 earnings at $1.34 EPS, Q4 2018 earnings at $1.34 EPS and FY2019 earnings at $5.21 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.01. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The company had revenue of $204.40 million for the quarter, compared to analyst estimates of $214.08 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/10/21/fy2017-eps-estimates-for-texas-capital-bancshares-inc-boosted-by-suntrust-banks-tcbi.html.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday. BidaskClub lowered Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC reaffirmed an “equal weight” rating and issued a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $104.00 price target on shares of Texas Capital Bancshares in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.13.

Texas Capital Bancshares (TCBI) opened at 88.00 on Friday. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 24.42 and a beta of 1.68. The firm has a 50-day moving average price of $81.66 and a 200 day moving average price of $78.18. Texas Capital Bancshares has a 1-year low of $56.25 and a 1-year high of $93.35.

In other Texas Capital Bancshares news, insider C Keith Cargill purchased 3,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, August 11th. The stock was acquired at an average cost of $74.15 per share, with a total value of $222,450.00. Following the acquisition, the insider now directly owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TCBI. UBS Asset Management Americas Inc. lifted its holdings in shares of Texas Capital Bancshares by 19.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,965 shares of the bank’s stock valued at $2,417,000 after buying an additional 4,681 shares during the period. FMR LLC acquired a new stake in shares of Texas Capital Bancshares in the 1st quarter valued at approximately $21,563,000. Teachers Advisors LLC lifted its holdings in shares of Texas Capital Bancshares by 3.6% in the 1st quarter. Teachers Advisors LLC now owns 99,740 shares of the bank’s stock valued at $8,323,000 after buying an additional 3,461 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Texas Capital Bancshares by 1.2% in the 1st quarter. California Public Employees Retirement System now owns 86,100 shares of the bank’s stock valued at $7,185,000 after buying an additional 1,000 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Texas Capital Bancshares by 11.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,282 shares of the bank’s stock valued at $441,000 after buying an additional 540 shares during the period.

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)

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