Q1 2018 EPS Estimates for Texas Capital Bancshares Inc Decreased by FIG Partners (TCBI)

Texas Capital Bancshares Inc (NASDAQ:TCBI) – Equities research analysts at FIG Partners lowered their Q1 2018 earnings per share estimates for Texas Capital Bancshares in a report released on Monday. FIG Partners analyst J. Rodis now anticipates that the bank will post earnings per share of $1.30 for the quarter, down from their prior estimate of $1.35. FIG Partners also issued estimates for Texas Capital Bancshares’ Q3 2018 earnings at $1.65 EPS and FY2018 earnings at $6.08 EPS.

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Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, January 24th. The bank reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.03. Texas Capital Bancshares had a return on equity of 10.85% and a net margin of 20.67%. The business had revenue of $230.02 million for the quarter, compared to analyst estimates of $219.78 million. During the same period last year, the company earned $0.96 EPS.

Several other equities research analysts have also recently weighed in on TCBI. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Tuesday, December 26th. Bank of America increased their price objective on Texas Capital Bancshares from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Jefferies Group reiterated a “buy” rating on shares of Texas Capital Bancshares in a report on Thursday, January 25th. SunTrust Banks reiterated a “buy” rating and issued a $100.00 price objective on shares of Texas Capital Bancshares in a report on Wednesday, November 29th. Finally, Barclays increased their price objective on Texas Capital Bancshares from $87.00 to $103.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $98.75.

Texas Capital Bancshares (NASDAQ TCBI) opened at $94.40 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 1.56. Texas Capital Bancshares has a 1 year low of $69.65 and a 1 year high of $102.90. The stock has a market capitalization of $4,687.01, a P/E ratio of 25.31, a P/E/G ratio of 1.30 and a beta of 1.75.

In other news, CEO C Keith Cargill bought 2,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was bought at an average price of $90.60 per share, for a total transaction of $181,200.00. Following the purchase, the chief executive officer now directly owns 82,286 shares in the company, valued at approximately $7,455,111.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ian J. Turpin sold 1,186 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $89.55, for a total value of $106,206.30. Following the completion of the transaction, the director now owns 9,491 shares of the company’s stock, valued at approximately $849,919.05. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth $101,000. Signature Financial Management Inc. bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth $215,000. Castleark Management LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $222,000. Legato Capital Management LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $227,000. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Texas Capital Bancshares in the 4th quarter worth $228,000.

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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 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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