$ 214.33 million in expected sales for Texas Capital Bancshares, Inc. (NASDAQ: TCBI) this quarter


Wall Street analysts expect Texas Capital Bancshares, Inc. (NASDAQ: TCBI) to report revenue of $ 214.33 million for the current fiscal quarter, Zacks investment research reports. Seven analysts have released earnings estimates for Texas Capital Bancshares, with the highest sales estimate at $ 218.60 million and the lowest estimate at $ 210.84 million. Texas Capital Bancshares reported sales of $ 265.90 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.4%. The company is expected to announce its next quarterly earnings report on Thursday, January 20.

According to Zacks, analysts expect Texas Capital Bancshares to report annual revenue of $ 895.64 million for the current fiscal year, with estimates ranging from $ 890.79 million to $ 900.10 millions of dollars. For the next year, analysts predict the company will post sales of $ 913.58 million, with estimates ranging from $ 893.70 million to $ 929.80 million. Zacks’ sales calculations are an average based on a survey of research analysts who follow Texas Capital Bancshares.

Texas Capital Bancshares (NASDAQ: TCBI) last announced its quarterly earnings data on Tuesday, October 19. The bank reported earnings per share (EPS) of $ 0.76 for the quarter, missing the consensus estimate of $ 1.09 of ($ 0.33). The company posted revenue of $ 215.30 million in the quarter, compared to analysts’ estimates of $ 224.90 million. Texas Capital Bancshares recorded a return on equity of 8.98% and a net margin of 23.46%. The company’s revenue was down 19.6% year-on-year. In the same quarter of the previous year, the company posted EPS of $ 1.08.

A number of research analysts have published reports on the company. Hovde Group upgraded Texas Capital Bancshares from an “outperformance” rating to a “market performance” rating in a report released Thursday, September 2. Wedbush downgraded Texas Capital Bancshares from an “outperforming” rating to a “neutral” rating in a report released Thursday, September 2. Janney Montgomery Scott downgraded Texas Capital Bancshares from a “buy” rating to a “neutral” rating in a report released Thursday, September 2. Raymond James reduced his target price on Texas Capital Bancshares shares from $ 78.00 to $ 75 and established an “outperformance” rating on the stock in a research note on Thursday, September 2. They noted that the move was an appraisal call. Finally, Zacks investment research raised Texas Capital Bancshares shares from a “sell” rating to a “custody” rating and set a price target of $ 63.00 for the company in a research note on Friday, November 19. A stock research analyst rated the stock with a sell rating, six assigned a conservation rating, and six assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Texas Capital Bancshares has an average “Hold” rating and a consensus price target of $ 74.28.

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In addition, director Robert W. Stallings acquired 16,446 shares of the company in a transaction that took place on Thursday, November 4. The shares were acquired at an average cost of $ 61.62 per share, for a total transaction of $ 1,013,402.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In addition, Director Larry L. Helm acquired 5,000 shares of the company in a transaction that took place on Friday, October 22. The shares were purchased at an average price of $ 60.52 per share, for a total transaction of $ 302,600.00. Disclosure of this purchase can be found here. In the past three months, insiders have purchased 31,697 shares of the company valued at $ 1,924,577. Insiders own 0.64% of the company’s shares.

Several large investors have recently changed their holdings of equities. UBS Asset Management Americas Inc. increased its holdings of Texas Capital Bancshares shares by 2.1% in the third quarter. UBS Asset Management Americas Inc. now owns 58,414 shares of the bank valued at $ 3,506,000 after acquiring an additional 1,208 shares during the period. Comerica Bank increased its stake in Texas Capital Bancshares by 13.0% in the 3rd quarter. Comerica Bank now owns 192,181 shares of the bank valued at $ 11,635,000 after purchasing an additional 22,056 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Texas Capital Bancshares by 2.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 562,282 shares of the bank valued at $ 33,750,000 after purchasing an additional 13,322 shares in the last quarter. Centiva Capital LP acquired a new stake in Texas Capital Bancshares in the third quarter for a value of $ 1,270,000. Finally, Phocas Financial Corp. increased its stake in Texas Capital Bancshares by 1.0% in the 3rd quarter. Phocas Financial Corp. now owns 49,512 shares of the bank valued at $ 2,972,000 after purchasing an additional 486 shares in the last quarter. Institutional investors and hedge funds hold 94.65% of the company’s shares.

Actions of TCBI shares opened at $ 57.37 on Friday. The stock has a market cap of $ 2.90 billion, a P / E ratio of 12.64 and a beta of 1.82. Texas Capital Bancshares has a one-year low of $ 54.27 and a one-year high of $ 93.26. The stock has a fifty-day moving average price of $ 60.33 and a 200-day moving average price of $ 62.29. The company has a debt ratio of 1.10, a current ratio of 1.10, and a rapid ratio of 1.10.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc. is the holding company for Texas Capital Bank NA. It provides commercial banking services to clients in Texas and focuses on mid-market business ventures and successful professionals and entrepreneurs. The firm loan portfolio includes commercial loans, real estate loans, construction loans and letters of credit; business deposit products include commercial chequing accounts, safe deposit boxes, cash concentration accounts and other cash management services, including an online system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services.

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History and earnings estimates for Texas Capital Bancshares (NASDAQ: TCBI)

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