Jefferies Group Comments on Texas Capital Bancshares, Inc.’s FY2018 Earnings (TCBI)

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a research report issued on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will earn $4.95 per share for the year, up from their previous forecast of $4.90. Jefferies Group has a “Buy” rating and a $104.00 price objective on the stock. Jefferies Group also issued estimates for Texas Capital Bancshares’ FY2019 earnings at $5.40 EPS.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC reaffirmed an “equal weight” rating and issued a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Wedbush cut shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $88.00 to $87.00 in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Texas Capital Bancshares has an average rating of “Hold” and an average target price of $87.33.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/jefferies-group-comments-on-texas-capital-bancshares-inc-s-fy2018-earnings-tcbi.html.

Texas Capital Bancshares (NASDAQ TCBI) traded up 0.41% on Tuesday, reaching $86.00. The company had a trading volume of 52,313 shares. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.87 and a beta of 1.68. Texas Capital Bancshares has a 12 month low of $54.20 and a 12 month high of $93.35. The firm has a 50 day moving average price of $78.65 and a 200-day moving average price of $77.88.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $201.73 million for the quarter, compared to analyst estimates of $197.10 million. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. During the same period in the previous year, the firm earned $0.78 earnings per share.

In other news, insider C Keith Cargill bought 3,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $74.15 per share, with a total value of $222,450.00. Following the transaction, the insider now directly owns 80,286 shares in the company, valued at $5,953,206.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Exane Derivatives bought a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Texas Capital Bancshares by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after buying an additional 248 shares in the last quarter. Hilton Capital Management LLC bought a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $201,000. Cubist Systematic Strategies LLC bought a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $201,000. Finally, D.A. Davidson & CO. lifted its position in shares of Texas Capital Bancshares by 14.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock worth $203,000 after buying an additional 329 shares in the last quarter.

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 lette

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Stock analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a research report issued on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will earn $4.95 per share for the year, up from their previous forecast of $4.90. Jefferies Group has a “Buy” rating and a $104.00 price objective on the stock. Jefferies Group also issued estimates for Texas Capital Bancshares’ FY2019 earnings at $5.40 EPS.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, July 7th. BidaskClub cut shares of Texas Capital Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Barclays PLC reaffirmed an “equal weight” rating and issued a $80.00 price target (up previously from $75.00) on shares of Texas Capital Bancshares in a research report on Wednesday, July 12th. Wedbush cut shares of Texas Capital Bancshares from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $88.00 to $87.00 in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Texas Capital Bancshares has an average rating of “Hold” and an average target price of $87.33.

COPYRIGHT VIOLATION NOTICE: This article was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/10/jefferies-group-comments-on-texas-capital-bancshares-inc-s-fy2018-earnings-tcbi.html.

Texas Capital Bancshares (NASDAQ TCBI) traded up 0.41% on Tuesday, reaching $86.00. The company had a trading volume of 52,313 shares. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.87 and a beta of 1.68. Texas Capital Bancshares has a 12 month low of $54.20 and a 12 month high of $93.35. The firm has a 50 day moving average price of $78.65 and a 200-day moving average price of $77.88.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $201.73 million for the quarter, compared to analyst estimates of $197.10 million. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. During the same period in the previous year, the firm earned $0.78 earnings per share.

In other news, insider C Keith Cargill bought 3,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $74.15 per share, with a total value of $222,450.00. Following the transaction, the insider now directly owns 80,286 shares in the company, valued at $5,953,206.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Exane Derivatives bought a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Texas Capital Bancshares by 14.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,018 shares of the bank’s stock worth $156,000 after buying an additional 248 shares in the last quarter. Hilton Capital Management LLC bought a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $201,000. Cubist Systematic Strategies LLC bought a new position in shares of Texas Capital Bancshares during the 2nd quarter worth approximately $201,000. Finally, D.A. Davidson & CO. lifted its position in shares of Texas Capital Bancshares by 14.3% during the 2nd quarter. D.A. Davidson & CO. now owns 2,632 shares of the bank’s stock worth $203,000 after buying an additional 329 shares in the last quarter.

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.

Earnings History and Estimates for Texas Capital Bancshares (NASDAQ:TCBI)

Receive News & Ratings for Texas Capital Bancshares Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Capital Bancshares Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply