Texas Capital Bancshares Inc (NASDAQ:TCBI) – Jefferies Group boosted their FY2018 earnings estimates for shares of Texas Capital Bancshares in a report released on Monday. Jefferies Group analyst C. Haire now expects that the bank will post earnings per share of $5.95 for the year, up from their prior estimate of $5.00. Jefferies Group also issued estimates for Texas Capital Bancshares’ FY2019 earnings at $6.44 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its earnings results on Wednesday, October 18th. The bank reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. Texas Capital Bancshares had a net margin of 22.50% and a return on equity of 10.40%. The business had revenue of $204.40 million for the quarter, compared to the consensus estimate of $214.08 million. During the same period last year, the company earned $0.87 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year.

TCBI has been the topic of a number of other research reports. Deutsche Bank boosted their price target on shares of Texas Capital Bancshares from $93.00 to $95.00 and gave the stock a “hold” rating in a research report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Royal Bank of Canada restated a “buy” rating on shares of Texas Capital Bancshares in a research report on Friday, October 20th. BidaskClub downgraded shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Finally, SunTrust Banks restated a “buy” rating and issued a $100.00 price target on shares of Texas Capital Bancshares in a research report on Wednesday, November 29th. Ten analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $95.83.

Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up $1.20 during midday trading on Wednesday, hitting $96.05. 599,500 shares of the stock were exchanged, compared to its average volume of 472,657. The firm has a market cap of $4,710.00, a P/E ratio of 24.95, a P/E/G ratio of 1.50 and a beta of 1.66. Texas Capital Bancshares has a 1 year low of $69.65 and a 1 year high of $97.45. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 1.44.

A number of hedge funds have recently made changes to their positions in TCBI. Schwab Charles Investment Management Inc. increased its stake in Texas Capital Bancshares by 7.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 257,545 shares of the bank’s stock valued at $19,934,000 after purchasing an additional 17,174 shares in the last quarter. Legal & General Group Plc increased its stake in Texas Capital Bancshares by 16.7% during the 2nd quarter. Legal & General Group Plc now owns 51,281 shares of the bank’s stock valued at $3,970,000 after purchasing an additional 7,336 shares in the last quarter. Prudential Financial Inc. increased its stake in Texas Capital Bancshares by 190.9% during the 2nd quarter. Prudential Financial Inc. now owns 109,012 shares of the bank’s stock valued at $8,438,000 after purchasing an additional 71,540 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Texas Capital Bancshares by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock valued at $156,000 after purchasing an additional 248 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Texas Capital Bancshares by 4.5% during the 2nd quarter. Principal Financial Group Inc. now owns 209,350 shares of the bank’s stock valued at $16,204,000 after purchasing an additional 8,994 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 transaction, the chief operating officer now owns 34,171 shares in the company, valued at approximately $2,990,645.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.47% of the stock is owned by insiders.

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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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