Stephens lowered the firm’s price target on Texas Capital to $73 from $78 and keeps an Overweight rating on the shares. Following the bank’s Q1 report, the firm is decreasing its 2024 operating EPS estimate to $3.92 from $4.11 to account for a more conservative revenue inflection for the remainder of the year, while lowering its 2025 operating EPS view to $4.28 from $4.36.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCBI:
- Texas Capital Bancshares Announces Executive Transition and Election Results
- Texas Capital reports Q1 EPS 46c with items, consensus 60c
- Is TCBI a Buy, Before Earnings?
- Texas Capital price target lowered to $66 from $68 at RBC Capital
- Texas Capital ETF & Funds Management to Ring the Nasdaq Closing Bell
