Texas Capital Bancshares Price Target Raised to $57.00 at Jefferies Group (TCBI)
Research analysts at Jefferies Group raised their target price on shares of Texas Capital Bancshares (NASDAQ:TCBI) from $55.00 to $57.00 in a report released on Thursday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would indicate a potential upside of 6.05% from the company’s current price.
TCBI has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of Texas Capital Bancshares from $50.00 to $52.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at DA Davidson raised their price target on shares of Texas Capital Bancshares from $48.00 to $49.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, 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. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Texas Capital Bancshares has an average rating of “Buy” and a consensus target price of $47.22.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up 12.45% during mid-day trading on Thursday, hitting $53.75. 1,690,497 shares of the company’s stock traded hands. Texas Capital Bancshares has a one year low of $36.75 and a one year high of $52.17. The stock has a 50-day moving average of $45.31 and a 200-day moving average of $43.82. The company has a market cap of $2.197 billion and a P/E ratio of 16.68.
Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings data on Wednesday, October 23rd. The company reported $0.74 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.77 by $0.03. During the same quarter last year, the company posted $0.80 earnings per share. Analysts expect that Texas Capital Bancshares will post $2.88 EPS 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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