D.A. Davidson analyst Peter Winter maintained a Hold rating on Texas Capital Bancshares (TCBI – Research Report) today. The company’s shares closed yesterday at $62.27.
Winter covers the Financial sector, focusing on stocks such as Cullen/Frost Bankers, Comerica, and M&T Bank. According to TipRanks, Winter has an average return of -0.7% and a 40.00% success rate on recommended stocks.
Currently, the analyst consensus on Texas Capital Bancshares is a Moderate Buy with an average price target of $66.00, a 5.99% upside from current levels. In a report released on July 21, Wedbush also maintained a Hold rating on the stock with a $70.00 price target.
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Based on Texas Capital Bancshares’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $278 million and a net profit of $68.65 million. In comparison, last year the company earned a revenue of $231.77 million and had a net profit of $34.16 million
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TCBI in relation to earlier this year.
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Texas Capital Bancshares, Inc. operates as the holding company for Texas Capital Bank NA. It provides commercial banking services to its customers in Texas and concentrates on middle market commercial businesses and successful professionals and entrepreneurs. The company loan portfolio comprises of commercial loans, real estate loans, construction loans and letters of credit; business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts, and other treasury management services, including an on-line system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services. Texas Capital Bancshares was founded by George F. Jones, Jr. and Joseph M. Grant in November 1996 and is headquartered in Dallas, TX.
Read More on TCBI:
- Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock
- Texas Capital price target raised to $70 from $55 at Wedbush
- Texas Capital Bancshares, Inc. Announces Second Quarter 2023 Results
- Texas Capital reports Q2 EPS $1.33, consensus 95c
- Texas Capital added to Analyst Current Favorites list at Raymond James
