Jefferies Maintains a Hold Rating on Texas Capital Bancshares (TCBI)

In a report issued on January 31, Ken Usdin from Jefferies maintained a Hold rating on Texas Capital Bancshares (TCBIResearch Report), with a price target of $64.00. The company’s shares closed last Monday at $68.30.

According to, Usdin is a top 25 analyst with an average return of 25.2% and a 77.7% success rate. Usdin covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, People’s United Financial, and Huntington Bancshares.

The word on The Street in general, suggests a Hold analyst consensus rating for Texas Capital Bancshares with a $67.43 average price target, a 0.6% upside from current levels. In a report issued on January 18, Bank of America Securities also initiated coverage with a Hold rating on the stock with a $69.00 price target.

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Based on Texas Capital Bancshares’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $225 million and net profit of $65.13 million. In comparison, last year the company earned revenue of $250 million and had a net profit of $60.18 million.

Based on the recent corporate insider activity of 35 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.

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