Texas Capital Rating Increased to Buy at SunTrust (TCBI)

By admin | 6 years ago

Texas Capital (NASDAQ: TCBI) was upgraded by SunTrust (NYSE: STI) from a “neutral” rating to a “buy” rating in a research note issued on Thursday.

Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson raised their price target on shares of Texas Capital to $45.00 in a research note to investors on Thursday. Separately, 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. Finally, 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.

Shares of Texas Capital opened at 38.78 on Thursday. Texas Capital has a one year low of $21.39 and a one year 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 issued its quarterly earnings data on Wednesday, April 25th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.08. On average, analysts predict that Texas Capital will post $0.70 earnings per share next quarter.

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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