Texas Capital Bancshares Given Consensus Rating of “Hold” by Analysts (NASDAQ:TCBI)
Shares of Texas Capital Bancshares (NASDAQ:TCBI) have earned an average recommendation of “Hold” from the eighteen analysts that are presently covering the company, Stock Ratings Network.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $60.89.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at 53.55 on Tuesday. Texas Capital Bancshares has a 52-week low of $42.16 and a 52-week high of $67.08. The stock’s 50-day moving average is $53.18 and its 200-day moving average is $59.11. The company has a market cap of $2.306 billion and a P/E ratio of 21.39.
Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings data on Wednesday, April 23rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by $0.13. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, analysts predict that Texas Capital Bancshares will post $2.83 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “buy” rating on shares of Texas Capital Bancshares in a research note on Wednesday, June 11th. They now have a $64.00 price target on the stock, down previously from $65.00. Separately, analysts at Jefferies Group cut their price target on shares of Texas Capital Bancshares from $65.00 to $63.00 in a research note on Monday, June 9th. They now have a “buy” rating on the stock. Finally, analysts at DA Davidson cut their price target on shares of Texas Capital Bancshares from $68.00 to $60.00 in a research note on Friday, May 9th.
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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