FY2018 Earnings Estimate for Texas Capital Bancshares Inc Issued By Piper Jaffray Companies (TCBI)

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Texas Capital Bancshares Inc (NASDAQ:TCBI) – Stock analysts at Piper Jaffray Companies dropped their FY2018 EPS estimates for shares of Texas Capital Bancshares in a note issued to investors on Wednesday, January 9th. Piper Jaffray Companies analyst B. Rabatin now expects that the bank will post earnings of $6.00 per share for the year, down from their previous estimate of $6.07. Piper Jaffray Companies also issued estimates for Texas Capital Bancshares’ Q4 2018 earnings at $1.60 EPS, Q1 2019 earnings at $1.51 EPS, Q2 2019 earnings at $1.55 EPS, Q3 2019 earnings at $1.58 EPS, Q4 2019 earnings at $1.60 EPS, FY2019 earnings at $6.24 EPS, Q1 2020 earnings at $1.54 EPS, Q2 2020 earnings at $1.55 EPS, Q3 2020 earnings at $1.70 EPS and Q4 2020 earnings at $1.74 EPS.

Texas Capital Bancshares (NASDAQ:TCBI) last announced 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). Texas Capital Bancshares had a net margin of 23.10% and a return on equity of 13.36%. The business had revenue of $257.69 million during the quarter, compared to analysts’ expectations of $257.14 million. During the same quarter in the prior year, the firm earned $1.12 EPS.

Other equities research analysts have also issued reports about the company. SunTrust Banks boosted their price objective on Texas Capital Bancshares to $90.00 and gave the stock a “buy” rating in a research note on Thursday, October 18th. Wedbush set a $94.00 price objective on Texas Capital Bancshares and gave the stock a “buy” rating in a research note on Thursday, October 18th. Zacks Investment Research upgraded Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Tuesday, September 18th. Compass Point upgraded Texas Capital Bancshares from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $103.00 to $84.00 in a research note on Tuesday, October 23rd. Finally, TheStreet lowered Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research note on Tuesday, November 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $93.41.

NASDAQ:TCBI opened at $54.20 on Thursday. Texas Capital Bancshares has a 12 month low of $47.86 and a 12 month high of $103.05. The company has a quick ratio of 1.21, a current ratio of 1.29 and a debt-to-equity ratio of 1.58. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.79 and a beta of 1.75.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its holdings in Texas Capital Bancshares by 49.9% in the third quarter. State of Alaska Department of Revenue now owns 5,741 shares of the bank’s stock valued at $473,000 after acquiring an additional 1,911 shares during the last quarter. Advisory Research Inc. lifted its holdings in Texas Capital Bancshares by 19.1% in the third quarter. Advisory Research Inc. now owns 434,772 shares of the bank’s stock valued at $35,934,000 after acquiring an additional 69,690 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in Texas Capital Bancshares by 5.8% in the third quarter. Eagle Asset Management Inc. now owns 1,018,177 shares of the bank’s stock valued at $84,152,000 after acquiring an additional 55,822 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Texas Capital Bancshares in the second quarter valued at approximately $626,000. Finally, Channing Capital Management LLC lifted its holdings in Texas Capital Bancshares by 1.4% in the third quarter. Channing Capital Management LLC now owns 629,757 shares of the bank’s stock valued at $52,049,000 after acquiring an additional 8,428 shares during the last quarter.

In other Texas Capital Bancshares news, insider Vince A. Ackerson acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The shares were purchased 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 approximately $1,908,495. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Keith Cargill acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average price of $67.59 per share, for a total transaction of $202,770.00. Following the completion of the acquisition, the chief executive officer now directly owns 90,880 shares of the company’s stock, valued at approximately $6,142,579.20. The disclosure for this purchase can be found here. 0.48% of the stock is owned by corporate insiders.

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.

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

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