Texas Capital Bancshares PT Raised to $52.00 (TCBI)
Investment analysts at FBR Capital Markets lifted their price target on shares of Texas Capital Bancshares (NASDAQ:TCBI) from $50.00 to $52.00 in a note issued to investors on Thursday, AmericanBankingNews.com reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target points to a potential downside of 3.26% from the company’s current price.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average 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. 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 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 announced its earnings results 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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