Texas Capital Bancshares Inc. (NASDAQ:TCBI) – Investment analysts at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for Texas Capital Bancshares in a research note issued to investors on Tuesday. Jefferies Group analyst E. Harmon forecasts that the firm will post earnings of $0.79 per share for the quarter. Jefferies Group also issued estimates for Texas Capital Bancshares’ Q2 2017 earnings at $0.87 EPS, Q3 2017 earnings at $0.93 EPS and Q4 2017 earnings at $0.96 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.01. Texas Capital Bancshares had a net margin of 19.73% and a return on equity of 9.14%. During the same period in the previous year, the company posted $0.76 EPS.
Several other equities research analysts also recently commented on the stock. Bank of America Corp. downgraded shares of Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 29th. TheStreet upgraded shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Thursday, June 23rd. Wedbush initiated coverage on shares of Texas Capital Bancshares in a research report on Thursday, October 6th. They set a “neutral” rating and a $54.00 price target on the stock. Citigroup Inc. downgraded shares of Texas Capital Bancshares to an “outperform” rating and upped their price target for the stock from $52.00 to $54.00 in a research report on Thursday, July 21st. Finally, Compass Point initiated coverage on shares of Texas Capital Bancshares in a research report on Friday, July 1st. They set a “buy” rating and a $54.00 price target on the stock. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $52.50.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded down 2.92% on Thursday, hitting $54.90. 115,586 shares of the company’s stock traded hands. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 20.26 and a beta of 1.47. Texas Capital Bancshares has a 1-year low of $29.78 and a 1-year high of $61.83. The firm’s 50-day moving average price is $53.54 and its 200 day moving average price is $47.85.
In related news, Director James H. Browning sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $52.55, for a total transaction of $131,375.00. Following the completion of the sale, the director now directly owns 8,314 shares of the company’s stock, valued at approximately $436,900.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.08% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TCBI. BlackRock Inc. boosted its stake in Texas Capital Bancshares by 97.3% in the first quarter. BlackRock Inc. now owns 3,097 shares of the company’s stock worth $118,000 after buying an additional 1,527 shares during the last quarter. Quantbot Technologies LP purchased a new position in Texas Capital Bancshares during the second quarter worth $149,000. Strs Ohio increased its position in Texas Capital Bancshares by 400.0% in the second quarter. Strs Ohio now owns 4,000 shares of the company’s stock worth $187,000 after buying an additional 3,200 shares during the period. GSA Capital Partners LLP purchased a new position in Texas Capital Bancshares during the second quarter worth $205,000. Finally, Suntrust Banks Inc. purchased a new position in Texas Capital Bancshares during the second quarter worth $230,000.
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 loans, deposit accounts and other financial products and services. It offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit.
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