Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) is expected to post earnings of $0.74 per share

Wall Street analysts expect Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Rating) to report earnings of $0.74 per share for the current fiscal quarter, according to Zacks. Seven analysts provided earnings estimates for Texas Capital Bancshares. The lowest EPS estimate is $0.63 and the highest is $0.87. Texas Capital Bancshares reported earnings per share of $1.31 in the same quarter last year, suggesting a negative 43.5% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.

According to Zacks, analysts expect Texas Capital Bancshares to report annual earnings of $3.20 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $3.66. For the next fiscal year, analysts expect the company to post earnings of $4.44 per share, with EPS estimates ranging from $3.65 to $5.90. Zacks Investment Research’s EPS calculations are an average average based on a survey of research firms that cover Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ:TCBI – Get Rating) last reported results on Wednesday, April 20. The bank reported earnings per share (EPS) of $0.69 for the quarter, missing the consensus estimate of $0.73 per ($0.04). Texas Capital Bancshares had a return on equity of 7.80% and a net margin of 22.71%. The company posted revenue of $203.83 million in the quarter, compared to $213.06 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $1.33. The company’s revenue decreased by 14.8% compared to the same quarter last year.

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A number of brokerages have published reports on TCBI. Zacks Investment Research moved shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating and set a price target of $58.00 for the company in a Wednesday, April 13 report. Raymond James lowered his target price on Texas Capital Bancshares from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, January 21. TheStreet downgraded Texas Capital Bancshares from a “b-” rating to a “c+” rating in a Thursday, April 21 research report. Bank of America reiterated a “neutral” rating and set a target price of $69.00 on shares of Texas Capital Bancshares in a Tuesday, January 18 research report. Finally, StockNews.com downgraded Texas Capital Bancshares from a “hold” rating to a “sell” rating in a Thursday, April 14 research report. One analyst rated the security with a sell rating, four issued a hold rating and five gave the security a buy rating. According to MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus target price of $70.69.

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 3,000 shares of the company in a trade dated Thursday, April 28. The shares were acquired at an average cost of $52.00 per share, for a total transaction of $156,000.00. Following completion of the transaction, the administrator now owns 68,652 shares of the company, valued at $3,569,904. The acquisition was disclosed in an SEC filing, which is available via this link. Additionally, director Larry L. Helm purchased 5,700 shares of the company in a trade dated Monday, May 2. The shares were acquired at an average price of $52.25 per share, with a total value of $297,825.00. Following completion of the transaction, the director now owns 77,858 shares of the company, valued at approximately $4,068,080.50. Disclosure of this purchase can be found here. In the past 90 days, insiders have purchased 16,700 shares of the company worth $875,025. 0.56% of the shares are held by insiders.

Several institutional investors have recently changed their positions in TCBI. JPMorgan Chase & Co. increased its stake in shares of Texas Capital Bancshares by 1,374.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,518,217 shares of the bank valued at $91,473,000 after purchasing an additional 1,415,279 shares during the period. William Blair Investment Management LLC increased its equity stake in Texas Capital Bancshares by 48,491.4% during the third quarter. William Blair Investment Management LLC now owns 823,624 shares of the bank valued at $49,434,000 after purchasing an additional 821,929 shares during the period. Norges Bank bought a new position in Texas Capital Bancshares in the fourth quarter, valued at approximately $47,757,000. Invesco Ltd. increased its stake in Texas Capital Bancshares by 84.4% in the fourth quarter. Invesco Ltd. now owns 929,516 shares of the bank valued at $56,003,000 after purchasing an additional 425,431 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in Texas Capital Bancshares in the third quarter worth approximately $24,285,000. Hedge funds and other institutional investors own 97.77% of the company’s shares.

TCBI lost $0.65 in Friday trading, hitting $53.96. 890,920 shares of the company were traded, against an average volume of 609,664. The company has a debt ratio of 0.33, a quick ratio of 1.02 and a current ratio of 1.02. Texas Capital Bancshares has a 12-month low of $51.07 and a 12-month high of $71.68. The company has a fifty-day simple moving average of $58.00 and a 200-day simple moving average of $60.83. The company has a market capitalization of $2.74 billion, a P/E ratio of 13.66, a PEG ratio of 2.13 and a beta of 1.60.

Texas Capital Bancshares Company Profile (Get an assessment)

Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.

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Earnings history and estimates for Texas Capital Bancshares (NASDAQ:TCBI)

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