Equities Analysts Offer Predictions for Texas Capital Bancshares Inc.’s Q1 2017 Earnings (TCBI)
Texas Capital Bancshares Inc. (NASDAQ:TCBI) – Equities research analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for shares of Texas Capital Bancshares in a report issued on Tuesday. Jefferies Group analyst E. Harmon anticipates that the brokerage will post earnings of $0.79 per share for the quarter. Jefferies Group also issued estimates for Texas Capital Bancshares’ Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $0.93 EPS and Q4 2017 earnings at $0.96 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ 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 previous year, the company earned $0.76 EPS.
A number of other equities research analysts also recently issued reports on TCBI. Deutsche Bank AG reissued a “buy” rating and set a $53.00 price objective on shares of Texas Capital Bancshares in a research report on Friday, June 17th. TheStreet raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, June 23rd. Bank of America Corp. downgraded shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. Compass Point started coverage on shares of Texas Capital Bancshares in a research report on Friday, July 1st. They set a “buy” rating and a $54.00 price objective for the company. Finally, Zacks Investment Research raised shares of Texas Capital Bancshares from a “sell” rating to a “hold” rating in a report on Friday, July 1st. Fifteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Texas Capital Bancshares has an average rating of “Hold” and an average target price of $52.50.
Texas Capital Bancshares (NASDAQ:TCBI) opened at 54.95 on Thursday. Texas Capital Bancshares has a 52 week low of $29.78 and a 52 week high of $61.83. The stock’s 50 day moving average price is $53.65 and its 200-day moving average price is $47.90. The company has a market capitalization of $2.53 billion, a PE ratio of 20.28 and a beta of 1.47.
In related news, Director James H. Browning sold 2,500 shares of the stock in a transaction dated Thursday, September 1st. The shares were 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 of the company’s stock, valued at approximately $436,900.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.08% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of TCBI. BlackRock Inc. raised its stake 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 during the period. Quantbot Technologies LP purchased a new stake in Texas Capital Bancshares during the second quarter worth $149,000. Strs Ohio raised its stake 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 during the period. GSA Capital Partners LLP purchased a new stake in Texas Capital Bancshares during the second quarter worth $205,000. Finally, Suntrust Banks Inc. purchased a new stake in Texas Capital Bancshares during the second quarter worth $230,000.
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.
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