Media headlines about Texas Capital Bancshares (NASDAQ:TCBI) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Texas Capital Bancshares earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the bank an impact score of 46.6040033364256 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Texas Capital Bancshares Inc (TCBI) Expected to Announce Quarterly Sales of $224.68 Million (americanbankingnews.com)
- $1.37 Earnings Per Share Expected for Texas Capital Bancshares Inc (TCBI) This Quarter (americanbankingnews.com)
- Texas Capital Bancshares Inc (TCBI) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- FIG Partners Weighs in on Texas Capital Bancshares Inc’s Q1 2018 Earnings (TCBI) (americanbankingnews.com)
A number of research firms recently commented on TCBI. Barclays increased their target price on shares of Texas Capital Bancshares from $87.00 to $103.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Jefferies Group reaffirmed a “buy” rating on shares of Texas Capital Bancshares in a report on Thursday, January 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $98.50 price objective on shares of Texas Capital Bancshares in a research note on Tuesday, January 9th. Raymond James Financial upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating and set a $115.00 price objective for the company in a research note on Thursday, January 25th. Finally, UBS Group upgraded shares of Texas Capital Bancshares from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $98.75.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings results on Wednesday, January 24th. The bank reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.03. The business had revenue of $230.02 million during the quarter, compared to the consensus estimate of $219.78 million. Texas Capital Bancshares had a net margin of 20.67% and a return on equity of 10.85%. During the same period in the previous year, the firm posted $0.96 earnings per share. research analysts predict that Texas Capital Bancshares will post 6.07 earnings per share for the current fiscal year.
In related news, CEO C Keith Cargill bought 2,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $90.60 per share, for a total transaction of $181,200.00. Following the completion of the acquisition, the chief executive officer now owns 82,286 shares in the company, valued at $7,455,111.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ian J. Turpin sold 1,186 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $89.55, for a total transaction of $106,206.30. Following the completion of the sale, the director now owns 9,491 shares of the company’s stock, valued at $849,919.05. The disclosure for this sale can be found here. Insiders own 0.48% of the company’s stock.
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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.
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