Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Research analysts at Jefferies Group lifted their Q2 2017 earnings per share estimates for shares of Texas Capital Bancshares in a report issued on Wednesday. Jefferies Group analyst C. Haire now forecasts that the bank will earn $0.96 per share for the quarter, up from their previous estimate of $0.95. Jefferies Group currently has a “Buy” rating and a $102.00 target price on the stock.
Several other research firms have also recently issued reports on TCBI. ValuEngine raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. BidaskClub cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Raymond James Financial, Inc. raised shares of Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating and set a $98.00 price target for the company in a research report on Thursday, April 6th. Finally, Barclays PLC reissued a “hold” rating and issued a $75.00 price target (down from $78.00) on shares of Texas Capital Bancshares in a research report on Friday, April 21st. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Texas Capital Bancshares presently has a consensus rating of “Hold” and a consensus target price of $83.25.
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Shares of Texas Capital Bancshares (TCBI) opened at 77.35 on Monday. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 22.66 and a beta of 1.67. Texas Capital Bancshares has a one year low of $45.86 and a one year high of $93.35. The stock’s 50 day moving average price is $75.78 and its 200 day moving average price is $80.23.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, April 19th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.88 by $0.08. Texas Capital Bancshares had a net margin of 21.42% and a return on equity of 9.90%. The business had revenue of $180.47 million for the quarter, compared to analysts’ expectations of $192.60 million. During the same quarter in the prior year, the company posted $0.49 EPS.
In other Texas Capital Bancshares news, insider C Keith Cargill bought 5,000 shares of Texas Capital Bancshares stock in a transaction dated Friday, April 21st. The stock was acquired at an average cost of $73.57 per share, with a total value of $367,850.00. Following the completion of the acquisition, the insider now owns 77,286 shares of the company’s stock, valued at $5,685,931.02. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Peter B. Bartholow sold 4,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $74.52, for a total transaction of $298,080.00. Following the completion of the sale, the chief financial officer now directly owns 37,671 shares of the company’s stock, valued at $2,807,242.92. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in TCBI. Federated Investors Inc. PA acquired a new stake in shares of Texas Capital Bancshares during the fourth quarter worth approximately $128,000. Canada Pension Plan Investment Board boosted its stake in shares of Texas Capital Bancshares by 88.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,700 shares of the bank’s stock worth $142,000 after buying an additional 800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Texas Capital Bancshares by 46.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,770 shares of the bank’s stock worth $148,000 after buying an additional 563 shares during the last quarter. Parkwood LLC purchased a new position in shares of Texas Capital Bancshares during the first quarter worth about $211,000. Finally, Cipher Capital LP purchased a new position in shares of Texas Capital Bancshares during the first quarter worth about $220,000.
Texas Capital Bancshares Company Profile
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.
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