Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Research analysts at Wedbush issued their Q3 2017 earnings estimates for Texas Capital Bancshares in a research note issued to investors on Thursday. Wedbush analyst P. Winter forecasts that the bank will post earnings per share of $1.14 for the quarter. Wedbush has a “Outperform” rating and a $86.00 price objective on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2017 earnings at $1.18 EPS.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. The business had revenue of $201.73 million during the quarter, compared to analyst estimates of $197.10 million. During the same quarter in the previous year, the firm earned $0.78 EPS. TRADEMARK VIOLATION WARNING: “Analysts Set Expectations for Texas Capital Bancshares, Inc.’s Q3 2017 Earnings (NASDAQ:TCBI)” was published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/19/analysts-set-expectations-for-texas-capital-bancshares-inc-s-q3-2017-earnings-nasdaqtcbi-updated-updated-updated.html.
Several other equities research analysts also recently weighed in on the company. ValuEngine downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Stephens reissued a “hold” rating and issued a $84.00 price target on shares of Texas Capital Bancshares in a report on Thursday, July 20th. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 price target on shares of Texas Capital Bancshares in a report on Friday, July 14th. Zacks Investment Research downgraded Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, BidaskClub downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Texas Capital Bancshares has a consensus rating of “Hold” and an average price target of $86.17.
Texas Capital Bancshares (TCBI) opened at 81.05 on Monday. The firm has a 50-day moving average price of $77.28 and a 200-day moving average price of $80.26. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 22.50 and a beta of 1.67. Texas Capital Bancshares has a 12 month low of $45.90 and a 12 month high of $93.35.
In related news, CFO Peter B. Bartholow sold 4,000 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $74.52, for a total value of $298,080.00. Following the sale, the chief financial officer now owns 37,671 shares in the company, valued at approximately $2,807,242.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at $1,469,000. Russell Investments Group Ltd. increased its stake in shares of Texas Capital Bancshares by 75.0% in the first quarter. Russell Investments Group Ltd. now owns 79,745 shares of the bank’s stock valued at $6,655,000 after buying an additional 34,168 shares during the period. ProShare Advisors LLC increased its stake in shares of Texas Capital Bancshares by 11.6% in the first quarter. ProShare Advisors LLC now owns 18,957 shares of the bank’s stock valued at $1,582,000 after buying an additional 1,967 shares during the period. Nationwide Fund Advisors increased its stake in shares of Texas Capital Bancshares by 28.6% in the first quarter. Nationwide Fund Advisors now owns 327,539 shares of the bank’s stock valued at $27,333,000 after buying an additional 72,749 shares during the period. Finally, Retirement Systems of Alabama bought a new stake in shares of Texas Capital Bancshares during the first quarter valued at $5,350,000.
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 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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