Texas Capital Bancshares Given “Market Perform” Rating at Keefe, Bruyette & Woods (TCBI)
Texas Capital Bancshares (NASDAQ:TCBI)‘s stock had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods in a research note issued on Thursday. They currently have a $61.00 target price on the stock, down from their previous target price of $64.00. Keefe, Bruyette & Woods’ target price points to a potential upside of 12.61% from the company’s current price.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded up 2.58% during mid-day trading on Thursday, hitting $54.16. The stock had a trading volume of 747,636 shares. Texas Capital Bancshares has a 52 week low of $43.43 and a 52 week high of $67.08. The stock’s 50-day moving average is $53.47 and its 200-day moving average is $58.13. The company has a market cap of $2.332 billion and a P/E ratio of 20.94.
Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings data on Wednesday, July 23rd. The company reported $0.71 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.02. During the same quarter last year, the company posted $0.52 earnings per share. On average, analysts predict that Texas Capital Bancshares will post $2.80 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America reiterated a “buy” rating on shares of Texas Capital Bancshares in a research note on Wednesday, June 25th. They now have a $68.00 price target on the stock, down previously from $70.00. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $61.03.
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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