Texas Capital Bancshares Price Target Increased to $49.00 by Analysts at DA Davidson (TCBI)
Research analysts at DA Davidson upped their target price on shares of Texas Capital Bancshares (NASDAQ:TCBI) from $48.00 to $49.00 in a report released on Thursday, American Banking News.com reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price would indicate a potential downside of 8.84% from the stock’s previous close.
A number of other analysts have also recently weighed in on TCBI. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Texas Capital Bancshares in a research note to investors on Thursday. They now have a $53.00 price target on the stock, up previously from $51.00. Separately, analysts at Evercore Partners upgraded shares of Texas Capital Bancshares from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday. They now have a $57.00 price target on the stock, up previously from $45.00. Finally, analysts at Raymond James upgraded shares of Texas Capital Bancshares from an “outperform” rating to a “strong-buy” rating in a research note to investors on Thursday. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $47.22.
Texas Capital Bancshares (NASDAQ:TCBI) traded up 12.45% during mid-day trading on Thursday, hitting $53.75. The stock had a trading volume of 1,690,497 shares. Texas Capital Bancshares has a 52-week low of $36.75 and a 52-week high of $52.17. The stock’s 50-day moving average is $45.31 and its 200-day moving average is $43.82. The company has a market cap of $2.197 billion and a price-to-earnings ratio of 16.68.
Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.77 by $0.03. During the same quarter in the prior year, the company posted $0.80 earnings per share. On average, analysts predict that Texas Capital Bancshares will post $2.88 earnings per share for the current fiscal year.
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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