Texas Capital Bancshares Upgraded to “Strong-Buy” by Raymond James (TCBI)
Texas Capital Bancshares (NASDAQ:TCBI) was upgraded by stock analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Texas Capital Bancshares (NASDAQ:TCBI) traded up 12.45% on Thursday, hitting $53.75. 1,690,497 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 $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 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. Analysts expect that Texas Capital Bancshares will post $2.88 EPS for the current fiscal year.
A number of other firms have also recently commented on TCBI. Analysts at Jefferies Group initiated coverage on shares of Texas Capital Bancshares in a research note to investors on Monday, October 14th. They set a “buy” rating and a $55.00 price target on the stock. Separately, analysts at Merrill Lynch initiated coverage on shares of Texas Capital Bancshares in a research note to investors on Wednesday, October 9th. They set a “buy” rating on the stock. Finally, analysts at Bank of America Corp. initiated coverage on shares of Texas Capital Bancshares in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $55.00 price target on the stock. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Capital Bancshares currently has a consensus rating of “Buy” and an average price target of $46.26.
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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