DA Davidson Boosts Price Target on Texas Capital (TCBI)

By admin | 6 years ago

Research analysts at DA Davidson boosted their target price on shares of Texas Capital (NASDAQ: TCBI) to $45.00 in a report released on Thursday.

Shares of Texas Capital opened at 38.78 on Thursday. Texas Capital has a 52 week low of $21.39 and a 52 week high of $38.55. The company has a market cap of $1.470 billion and a P/E ratio of 16.29.

Texas Capital last announced its earnings results on Wednesday, April 25th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.08. On average, analysts predict that Texas Capital will post $0.70 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Texas Capital in a research note to investors on Monday, May 14th. They now have a $46.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Texas Capital from $32.00 to $38.00 in a research note to investors on Friday, April 27th. They now have a “hold” rating on the stock. Finally, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Texas Capital from $35.00 to $41.00 in a research note to investors on Friday, April 27th. They now have a “market perform” rating on the stock.

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

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