Texas Capital Bancshares Now Covered by Merrill Lynch (TCBI)
Equities researchers at Merrill Lynch initiated coverage on shares of Texas Capital Bancshares (NASDAQ:TCBI) in a research report issued on Wednesday, Stock Ratings Network reports. The firm set a “buy” rating on the stock.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up 2.23% during mid-day trading on Wednesday, hitting $45.75. 339,492 shares of the company’s stock traded hands. Texas Capital Bancshares has a 52-week low of $36.75 and a 52-week high of $51.22. The stock’s 50-day moving average is $45. and its 200-day moving average is $44.29. The company has a market cap of $1.870 billion and a price-to-earnings ratio of 15.62.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.80 by $0.28. During the same quarter in the prior year, the company posted $0.76 earnings per share. Analysts expect that Texas Capital Bancshares will post $2.89 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. initiated coverage on shares of Texas Capital Bancshares in a research note to investors on Wednesday. They set a “buy” rating and a $55.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Texas Capital Bancshares in a research note to investors on Thursday, October 3rd. They now have a $48.00 price target on the stock. Finally, analysts at Sandler O’Neill cut their price target on shares of Texas Capital Bancshares from $3.25 to $2.85 in a research note to investors on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Texas Capital Bancshares presently has a consensus rating of “Buy” and a consensus price target of $44.45.
Texas Capital Bancshares, Inc, is a financial holding company. The Company is the parent of Texas Capital Bank, National Association (NASDAQ:TCBI).
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