Jefferies Group Comments on Texas Capital Bancshares, Inc.’s Q1 2018 Earnings (TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Equities research analysts at Jefferies Group raised their Q1 2018 earnings per share estimates for shares of Texas Capital Bancshares in a research report issued on Wednesday, April 4th. Jefferies Group analyst C. Haire now anticipates that the bank will earn $1.40 per share for the quarter, up from their previous estimate of $1.35. Jefferies Group currently has a “Buy” rating on the stock.

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Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, beating the Zacks’ 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 company had revenue of $230.02 million during the quarter, compared to the consensus estimate of $219.78 million. During the same period in the previous year, the firm posted $0.96 earnings per share.

TCBI has been the subject of a number of other reports. Wedbush upgraded Texas Capital Bancshares from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $108.00 to $87.00 in a research note on Thursday, December 21st. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $104.00 target price for the company in a research note on Tuesday, December 26th. BidaskClub downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Raymond James Financial upgraded Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Thursday, January 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $98.00 target price on shares of Texas Capital Bancshares in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. Texas Capital Bancshares has an average rating of “Hold” and a consensus target price of $98.75.

Shares of TCBI stock opened at $93.65 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.28 and a quick ratio of 1.23. Texas Capital Bancshares has a 52 week low of $69.65 and a 52 week high of $102.90. The company has a market capitalization of $4,521.65, a price-to-earnings ratio of 22.95, a P/E/G ratio of 1.25 and a beta of 1.78.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Texas Capital Bancshares by 1.2% in the fourth quarter. BlackRock Inc. now owns 5,308,145 shares of the bank’s stock worth $471,894,000 after purchasing an additional 63,941 shares during the period. Bank of New York Mellon Corp lifted its position in Texas Capital Bancshares by 4.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,204,593 shares of the bank’s stock worth $107,088,000 after purchasing an additional 55,390 shares during the period. Eagle Asset Management Inc. lifted its position in Texas Capital Bancshares by 8.6% in the fourth quarter. Eagle Asset Management Inc. now owns 843,181 shares of the bank’s stock worth $75,159,000 after purchasing an additional 67,020 shares during the period. Channing Capital Management LLC lifted its position in Texas Capital Bancshares by 3.7% in the fourth quarter. Channing Capital Management LLC now owns 767,180 shares of the bank’s stock worth $68,202,000 after purchasing an additional 27,224 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new stake in Texas Capital Bancshares in the fourth quarter worth approximately $42,292,000.

In other Texas Capital Bancshares news, CEO C Keith Cargill acquired 2,000 shares of Texas Capital Bancshares stock in a transaction dated Tuesday, February 6th. The stock was acquired at an average cost of $90.60 per share, for a total transaction of $181,200.00. Following the completion of the transaction, the chief executive officer now owns 82,286 shares in the company, valued at approximately $7,455,111.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ian J. Turpin sold 1,186 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $89.55, for a total value of $106,206.30. Following the transaction, the director now owns 9,491 shares of the company’s stock, valued at $849,919.05. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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About Texas Capital Bancshares

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.

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

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