Somewhat Favorable News Coverage Somewhat Unlikely to Affect Texas Capital Bancshares (NASDAQ:TCBI) Share Price
News coverage about Texas Capital Bancshares (NASDAQ:TCBI) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Texas Capital Bancshares earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the bank an impact score of 47.3665799625511 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s analysis:
- $212.40 Million in Sales Expected for Texas Capital Bancshares, Inc. (TCBI) This Quarter (americanbankingnews.com)
- Insider Buying: Texas Capital Bancshares, Inc. (TCBI) Insider Purchases 3,000 Shares of Stock (americanbankingnews.com)
- $1.12 Earnings Per Share Expected for Texas Capital Bancshares, Inc. (NASDAQ:TCBI) This Quarter (americanbankingnews.com)
- Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Experiences Lighter than Average Trading Volume (highlightpress.com)
- ETFs with exposure to Texas Capital Bancshares, Inc. : August 4, 2017 (finance.yahoo.com)
A number of equities research analysts recently commented on 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. Wedbush raised Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $79.00 to $86.00 in a research note on Monday, May 15th. Barclays PLC reaffirmed an “equal weight” rating and set a $80.00 target price (up from $75.00) on shares of Texas Capital Bancshares in a research note on Wednesday, July 12th. BidaskClub downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $104.00 target price on shares of Texas Capital Bancshares in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $86.15.
Shares of Texas Capital Bancshares (NASDAQ TCBI) opened at 74.70 on Friday. The firm has a market capitalization of $3.71 billion, a P/E ratio of 20.73 and a beta of 1.67. The firm has a 50 day moving average price of $78.15 and a 200-day moving average price of $80.23. Texas Capital Bancshares has a 52 week low of $48.01 and a 52 week high of $93.35.
Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. The company had revenue of $201.73 million during the quarter, compared to analysts’ expectations of $197.10 million. During the same period in the previous year, the firm posted $0.78 earnings per share. Equities research analysts predict that Texas Capital Bancshares will post $4.01 EPS for the current fiscal year.
In other news, CFO Peter B. Bartholow sold 4,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the completion of the transaction, the chief financial officer now directly owns 37,671 shares of the company’s stock, valued at $2,807,242.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider C Keith Cargill purchased 3,000 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $74.15 per share, with a total value of $222,450.00. Following the completion of the acquisition, the insider now owns 80,286 shares of the company’s stock, valued at $5,953,206.90. The disclosure for this purchase can be found here. Insiders own 0.47% of the company’s stock.
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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.
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