Texas Capital Bancshares Inc (NASDAQ:TCBI) – Analysts at FIG Partners raised their FY2018 EPS estimates for Texas Capital Bancshares in a research report issued to clients and investors on Wednesday. FIG Partners analyst J. Rodis now anticipates that the bank will post earnings of $5.55 per share for the year, up from their previous forecast of $4.90.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.01. The firm had revenue of $204.40 million for the quarter, compared to analysts’ expectations of $214.08 million. Texas Capital Bancshares had a return on equity of 10.40% and a net margin of 22.50%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 EPS.
Texas Capital Bancshares (TCBI) traded up $1.85 during trading on Monday, hitting $90.75. The company’s stock had a trading volume of 464,300 shares, compared to its average volume of 403,100. The company has a market cap of $4,411.80, a PE ratio of 23.57, a price-to-earnings-growth ratio of 1.44 and a beta of 1.66. Texas Capital Bancshares has a 52-week low of $69.65 and a 52-week high of $95.20. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.27 and a quick ratio of 1.22.
Several institutional investors have recently made changes to their positions in TCBI. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Texas Capital Bancshares during the 3rd quarter valued at $101,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Texas Capital Bancshares by 14.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after acquiring an additional 248 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Texas Capital Bancshares in the 2nd quarter worth about $201,000. Rehmann Capital Advisory Group purchased a new stake in Texas Capital Bancshares in the 3rd quarter worth about $201,000. Finally, D.A. Davidson & CO. increased its holdings in Texas Capital Bancshares by 14.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock worth $203,000 after acquiring an additional 329 shares during the last quarter.
In other news, COO Peter B. Bartholow sold 3,500 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $87.52, for a total transaction of $306,320.00. Following the completion of the sale, the chief operating officer now directly owns 34,171 shares of the company’s stock, valued at approximately $2,990,645.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.47% of the stock is currently owned by company insiders.
TRADEMARK VIOLATION NOTICE: “Texas Capital Bancshares Inc to Post FY2018 Earnings of $5.55 Per Share, FIG Partners Forecasts (TCBI)” was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright legislation. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2018/01/03/texas-capital-bancshares-inc-to-post-fy2018-earnings-of-5-55-per-share-fig-partners-forecasts-tcbi.html.
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.
Receive News & Ratings for Texas Capital Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.