Texas Capital Bancshares Inc (NASDAQ:TCBI) – Analysts at Wedbush upped their FY2019 earnings per share estimates for shares of Texas Capital Bancshares in a research report issued on Thursday, October 17th. Wedbush analyst P. Winter now forecasts that the bank will earn $6.21 per share for the year, up from their prior forecast of $6.01. Wedbush has a “Neutral” rating and a $57.00 price target on the stock. Wedbush also issued estimates for Texas Capital Bancshares’ Q4 2019 earnings at $1.42 EPS, Q1 2020 earnings at $1.23 EPS, Q2 2020 earnings at $1.33 EPS, Q3 2020 earnings at $1.55 EPS, Q4 2020 earnings at $1.50 EPS, FY2020 earnings at $5.62 EPS and FY2021 earnings at $5.96 EPS.
A number of other research analysts also recently weighed in on TCBI. UBS Group downgraded Texas Capital Bancshares from a “neutral” rating to a “sell” rating and cut their price target for the company from $62.00 to $52.00 in a research note on Monday, August 5th. BidaskClub raised Texas Capital Bancshares from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Zacks Investment Research raised Texas Capital Bancshares from a “sell” rating to a “hold” rating and set a $58.00 price objective on the stock in a research note on Monday. SunTrust Banks dropped their price objective on Texas Capital Bancshares from $63.00 to $58.00 and set a “hold” rating on the stock in a research note on Thursday, October 17th. Finally, TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $59.89.
TCBI stock opened at $55.51 on Monday. The business’s fifty day moving average is $54.45 and its 200-day moving average is $58.37. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. The company has a market cap of $2.80 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.88. Texas Capital Bancshares has a twelve month low of $47.86 and a twelve month high of $67.14.
Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, October 16th. The bank reported $1.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.21. The company had revenue of $272.47 million for the quarter, compared to the consensus estimate of $262.12 million. Texas Capital Bancshares had a return on equity of 12.95% and a net margin of 22.29%. During the same quarter in the prior year, the business posted $1.65 EPS.
A number of institutional investors have recently modified their holdings of TCBI. First Trust Advisors LP boosted its position in Texas Capital Bancshares by 36.3% during the 1st quarter. First Trust Advisors LP now owns 184,496 shares of the bank’s stock valued at $10,072,000 after purchasing an additional 49,124 shares during the period. FMR LLC grew its position in shares of Texas Capital Bancshares by 178,572.6% during the 1st quarter. FMR LLC now owns 150,085 shares of the bank’s stock valued at $8,194,000 after acquiring an additional 150,001 shares during the period. Hennessy Advisors Inc. grew its position in shares of Texas Capital Bancshares by 15.0% during the 2nd quarter. Hennessy Advisors Inc. now owns 57,500 shares of the bank’s stock valued at $3,529,000 after acquiring an additional 7,500 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Texas Capital Bancshares by 0.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 23,700 shares of the bank’s stock valued at $1,454,000 after acquiring an additional 200 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Texas Capital Bancshares by 1.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,373 shares of the bank’s stock valued at $1,250,000 after acquiring an additional 287 shares during the period. 95.35% of the stock is currently owned by institutional investors and hedge funds.
Texas Capital Bancshares Company Profile
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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