Texas Capital Bancshares PT Raised to $51.00 (TCBI)
Credit Suisse lifted their target price on shares of Texas Capital Bancshares (NASDAQ:TCBI) from $42.00 to $51.00 in a research note issued on Friday, American Banking News reports. Credit Suisse’s price objective points to a potential downside of 5.15% from the company’s current price.
Texas Capital Bancshares (NASDAQ:TCBI) traded up 0.04% on Friday, hitting $53.77. 762,110 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 18.76.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results 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.
A number of other analysts have also recently weighed in on TCBI. Analysts at Keefe, Bruyette & Woods downgraded shares of Texas Capital Bancshares from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, analysts at Jefferies Group raised their price target on shares of Texas Capital Bancshares from $55.00 to $57.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Texas Capital Bancshares currently has an average rating of “Buy” and a consensus price target of $51.54.
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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