Texas Capital Bancshares PT Raised to $53.00 at Sandler O’Neill (TCBI)
Stock analysts at Sandler O’Neill upped their target price on shares of Texas Capital Bancshares (NASDAQ:TCBI) from $49.00 to $53.00 in a report issued on Friday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the stock. Sandler O’Neill’s target price would indicate a potential downside of 1.43% from the stock’s previous close.
Texas Capital Bancshares (NASDAQ:TCBI) traded up 0.04% during mid-day trading on Friday, hitting $53.77. The stock had a trading volume of 762,110 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 18.76.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by $0.03. During the same quarter in the previous year, the company posted $0.80 earnings per share.
A number of other analysts have also recently weighed in on TCBI. Analysts at Credit Suisse raised their price target on shares of Texas Capital Bancshares from $42.00 to $51.00 in a research note to investors on Friday. Separately, 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 Keefe, Bruyette & Woods raised their price target on shares of Texas Capital Bancshares from $49.00 to $54.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Capital Bancshares has a consensus rating of “Buy” and an average target price 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.