Texas Capital Bancshares Given Average Recommendation of “Hold” by Brokerages (NASDAQ:TCBI)
Shares of Texas Capital Bancshares (NASDAQ:TCBI) have earned an average rating of “Hold” from the eighteen brokerages that are covering the company, ARN reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $61.23.
Shares of Texas Capital Bancshares (NASDAQ:TCBI) opened at 50.93 on Tuesday. Texas Capital Bancshares has a 52-week low of $43.43 and a 52-week high of $67.08. The stock has a 50-day moving average of $52.69 and a 200-day moving average of $57.33. The company has a market cap of $2.196 billion and a price-to-earnings ratio of 18.73.
Texas Capital Bancshares (NASDAQ:TCBI) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.69 by $0.02. During the same quarter in the prior year, the company posted $0.52 earnings per share. Analysts expect that Texas Capital Bancshares will post $2.80 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “underperform” rating on shares of Texas Capital Bancshares in a research note on Monday, August 4th. They now have a $46.00 price target on the stock. Separately, 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. Finally, 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.
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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