Texas Capital Bancshares (TCBI) Receives Price Target

Texas Capital Bancshares (TCBI) : The most positive equity analysts on Texas Capital Bancshares (TCBI) expects the shares to touch $57, whereas, the least positive believes that the stock will trade at $42 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $52.83 with an expected fluctuation of $4.91 from the mean.

Texas Capital Bancshares (TCBI) : Zacks Investment Research ranks Texas Capital Bancshares (TCBI) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.15, which indicates as a Buy.


Also, Raymond James downgrades their rating on the shares of Texas Capital Bancshares (NASDAQ:TCBI). The current rating of the shares is Outperform. Earlier, the shares were rated a Strong Buy by the brokerage firm. The rating by the firm was issued on July 21, 2016.

Texas Capital Bancshares (NASDAQ:TCBI): The stock opened at $52.88 on Thursday but the bulls could not build on the opening and the stock topped out at $53.24 for the day. The stock traded down to $51.88 during the day, due to lack of any buying support eventually closed down at $52.49 with a loss of -0.06% for the day. The stock had closed at $52.52 on the previous day. The total traded volume was 404,343 shares.

Texas Capital Bancshares, Inc. is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). The Company offers loans, deposit accounts and other financial products and services. It offers a range of products and services oriented to the needs of its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums, real estate term and construction loans, mortgage finance lending, equipment leasing, treasury management services, wealth management and trust services and letters of credit. The Company provides a range of banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest bearing and non-interest bearing checking accounts; traditional money market and savings accounts; loans, and internet banking.

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