Taylor Capital Group Rating Lowered to Underperform at Zacks (TAYC)
Taylor Capital Group (NASDAQ:TAYC) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Tuesday, Analyst Ratings.Net reports. They currently have a $21.70 price objective on the stock. Zacks‘ price target would suggest a potential downside of 5.57% from the stock’s previous close.
A number of other firms have also recently commented on TAYC. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Taylor Capital Group from $23.00 to $24.50 in a research note to investors on Monday, October 21st. They now have an “outperform” rating on the stock. Analysts at DA Davidson reiterated a “neutral” rating on shares of Taylor Capital Group in a research note to investors on Monday, October 21st. They now have a $23.00 price target on the stock, up previously from $22.00.
Taylor Capital Group (NASDAQ:TAYC) remained flat at $22.98 during during mid-day trading trading on Tuesday. The stock had a trading volume of 31,479 shares. Taylor Capital Group has a one year low of $12.97 and a one year high of $23.16. The stock’s 50-day moving average is $21.88 and its 200-day moving average is $18.00. The company has a market cap of $664.9 million and a price-to-earnings ratio of 12.70.
Taylor Capital Group (NASDAQ:TAYC) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.07. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, analysts predict that Taylor Capital Group will post $1.59 earnings per share for the current fiscal year.
Taylor Capital Group, Inc is a bank holding company. The Company derives its revenue from its wholly owned subsidiary, Cole Taylor Bank (NASDAQ:TAYC).
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