Wedbush lowered the firm’s price target on Texas Capital to $61 from $64 and keeps a Neutral rating on the shares. Texas Capital reported an in-line Q1 and reiterated guidance for 2024, and Wedbush was encouraged to see non-interest bearing deposits increase by $1.2B in the quarter, which drove total deposits up $1.6B, the analyst tells investors in a research note.
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