In a report released yesterday, Wood Lay from KBW maintained a Buy rating on Texas Capital Bancshares (TCBI – Research Report), with a price target of $74.00. The company’s shares closed last Friday at $58.68.
According to TipRanks, Lay is a 2-star analyst with an average return of -1.7% and a 60.00% success rate. Lay covers the Financial sector, focusing on stocks such as First Financial Northwest, Hilltop Holdings, and Texas Capital Bancshares.
In addition to KBW, Texas Capital Bancshares also received a Buy from Piper Sandler’s Stephen Scouten in a report issued on April 19. However, on the same day, Barclays maintained a Sell rating on Texas Capital Bancshares (NASDAQ: TCBI).
TCBI market cap is currently $2.74B and has a P/E ratio of 17.79.
Based on the recent corporate insider activity of 57 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Texas Capital Bancshares (TCBI) Company Description:
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:
