On Oct 19, major Wall Street analysts update their ratings for $Texas Capital Bancshares (TCBI.US)$, with price targets ranging from $60 to $85.
Barclays analyst Jared Shaw maintains with a sell rating, and adjusts the target price from $49 to $60.
Wedbush analyst David Chiaverini maintains with a hold rating, and adjusts the target price from $77 to $85.
Piper Sandler analyst Stephen Scouten maintains with a hold rating, and maintains the target price at $82.
Truist Financial analyst Brandon King maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Texas Capital Bancshares (TCBI.US)$'s main analysts recently are as follows:
Following a robust quarter characterized by significant net interest and fee income, the bank has disclosed detailed 2025 guidance, which is considered to be 'quite ambitious'.
Texas Capital's recent earnings report was notable, particularly due to the impact of its securities repositioning actions, which are anticipated to contribute an additional $35M-$40M to annual net interest income. Even though there was a reduction in the near-term revenue outlook, projections for 2025 have surpassed previous estimates. It is assessed that the company's current outlook is already factored into its premium valuation.
The company delivered a 'solid quarter' with core trends either meeting or surpassing expectations. It is observed that there's increasing momentum at the franchise level. Effective expense control in 2025 is anticipated to be a key factor for the company in reaching its long-term performance targets.
Here are the latest investment ratings and price targets for $Texas Capital Bancshares (TCBI.US)$ from 4 analysts:
Note:
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