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Texas Capital Bancshares (NASDAQ:TCBI)‘s stock had its “underperform” rating restated by Zacks in a research report issued to clients and investors on Monday. They currently have a $46.00 price target on the stock. Zacks‘s price objective points to a potential downside of 9.73% from the stock’s previous close.

Zacks’ analyst wrote, “Texas Capital’ second-quarter 2014 results surpassed the Zacks Consensus Estimate as well as exceeded the prior-year quarter earnings. Quarterly results were driven by organic growth, aided by loans and deposits growth. Moreover, lower provisions were a positive. However, the expanding cost base remains a concern. Though the company is poised to gain from its increase in market share and its efforts to hire experienced bankers to expand its presence are encouraging, the resultant expenses that continue to mount is a concern. Moreover, in the absence of credible improvement in mortgage market and a low interest rate environment, we remain skeptical about growth in earnings in the upcoming quarters. “

Shares of Texas Capital Bancshares (NASDAQ:TCBI) traded down 0.71% during mid-day trading on Monday, hitting $50.60. The stock had a trading volume of 92,366 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. and its 200-day moving average is $57.73. The company has a market cap of $2.181 billion and a P/E ratio of 18.82.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its quarterly 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.

TCBI has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets cut their price target on shares of Texas Capital Bancshares from $67.00 to $58.00 in a research note on Monday, July 28th. They now have a “market perform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Texas Capital Bancshares in a research note on Thursday, July 24th. They now have a $61.00 price target on the stock, down previously from $63.00. Finally, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Texas Capital Bancshares in a research note on Thursday, July 24th. They now have a $61.00 price target on the stock, down previously from $64.00. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Texas Capital Bancshares has a consensus rating of “Hold” and a consensus price target of $61.23.

Texas Capital Bancshares, Inc, is a financial holding company. The Company is the parent of Texas Capital Bank, National Association (NASDAQ:TCBI).

To view Zacks’ full report, visit Zacks’ official website.

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