Texas Capital Bancshares Inc (NASDAQ:TCBI) – Equities researchers at DA Davidson issued their Q1 2019 earnings estimates for Texas Capital Bancshares in a research note issued to investors on Thursday, October 18th. DA Davidson analyst G. Tenner expects that the bank will post earnings of $1.56 per share for the quarter. DA Davidson also issued estimates for Texas Capital Bancshares’ Q2 2019 earnings at $1.64 EPS and Q3 2019 earnings at $1.76 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, October 17th. The bank reported $1.65 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.07). The firm had revenue of $257.69 million during the quarter, compared to analysts’ expectations of $257.14 million. Texas Capital Bancshares had a return on equity of 13.60% and a net margin of 23.10%. During the same period in the previous year, the company earned $1.12 earnings per share.

Several other brokerages have also recently weighed in on TCBI. Zacks Investment Research cut Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, June 22nd. SunTrust Banks reissued a “buy” rating on shares of Texas Capital Bancshares in a report on Friday, July 20th. BidaskClub raised Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a report on Saturday, July 21st. Sandler O’Neill reissued a “hold” rating and issued a $103.00 target price on shares of Texas Capital Bancshares in a report on Friday, July 20th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $117.00 target price on shares of Texas Capital Bancshares in a report on Friday, July 20th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. Texas Capital Bancshares currently has an average rating of “Hold” and a consensus target price of $99.47.

Shares of TCBI stock opened at $66.83 on Friday. The firm has a market capitalization of $3.87 billion, a P/E ratio of 16.38, a PEG ratio of 1.11 and a beta of 1.77. Texas Capital Bancshares has a twelve month low of $66.50 and a twelve month high of $103.05. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.26 and a current ratio of 1.32.

In related news, CEO C Keith Cargill bought 3,000 shares of the company’s stock in a transaction on Friday, October 19th. The shares were acquired at an average cost of $67.59 per share, with a total value of $202,770.00. Following the completion of the acquisition, the chief executive officer now owns 90,880 shares of the company’s stock, valued at approximately $6,142,579.20. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Vince A. Ackerson purchased 2,000 shares of the stock in a transaction dated Friday, October 19th. The shares were acquired at an average cost of $67.00 per share, for a total transaction of $134,000.00. Following the completion of the acquisition, the insider now owns 28,485 shares of the company’s stock, valued at $1,908,495. The disclosure for this purchase can be found here. Insiders own 0.48% of the company’s stock.

Large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in shares of Texas Capital Bancshares during the second quarter valued at $119,000. Cerebellum GP LLC bought a new position in shares of Texas Capital Bancshares during the third quarter valued at $172,000. Commonwealth Equity Services LLC bought a new position in shares of Texas Capital Bancshares during the first quarter valued at $222,000. WINTON GROUP Ltd bought a new position in shares of Texas Capital Bancshares during the first quarter valued at $250,000. Finally, Capital Management Associates NY bought a new position in shares of Texas Capital Bancshares during the second quarter valued at $329,000.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit.

Further Reading: Technical Analysis of Stocks, How Can It Help

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

Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.