$1.52 EPS Expected for Texas Capital Bancshares, Inc. (TCBI) This Quarter

Equities analysts expect that Texas Capital Bancshares, Inc. (NASDAQ:TCBI) will report $1.52 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for Texas Capital Bancshares’ earnings, with estimates ranging from $1.41 to $1.60. Texas Capital Bancshares reported earnings of $0.97 per share during the same quarter last year, which indicates a positive year over year growth rate of 56.7%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, July 18th.

On average, analysts expect that Texas Capital Bancshares will report full year earnings of $6.16 per share for the current year, with EPS estimates ranging from $5.82 to $6.55. For the next year, analysts expect that the company will report earnings of $6.86 per share, with EPS estimates ranging from $6.45 to $7.35. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, April 18th. The bank reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. Texas Capital Bancshares had a return on equity of 12.00% and a net margin of 22.07%. The business had revenue of $230.25 million for the quarter, compared to analyst estimates of $225.43 million. During the same quarter last year, the company earned $0.80 EPS.

Several brokerages have recently weighed in on TCBI. Jefferies Group reissued a “buy” rating and set a $103.00 target price on shares of Texas Capital Bancshares in a research report on Thursday. SunTrust Banks cut their target price on Texas Capital Bancshares to $100.00 in a research report on Thursday. Piper Jaffray raised Texas Capital Bancshares from a “neutral” rating to an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Texas Capital Bancshares in a research report on Thursday. Finally, UBS assumed coverage on Texas Capital Bancshares in a research report on Thursday, March 22nd. They set a “sell” rating on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $98.68.

Shares of NASDAQ TCBI traded down $0.60 during midday trading on Friday, hitting $96.15. 812,219 shares of the company’s stock were exchanged, compared to its average volume of 574,226. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.23 and a current ratio of 1.26. Texas Capital Bancshares has a twelve month low of $69.65 and a twelve month high of $102.90. The firm has a market capitalization of $4,774.91, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.31 and a beta of 1.78.

In other news, CEO C Keith Cargill purchased 2,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were bought at an average price of $90.60 per share, with a total value of $181,200.00. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ian J. Turpin sold 1,186 shares of the business’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 directly owns 9,491 shares in the company, valued at approximately $849,919.05. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.

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

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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.

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

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