Equities research analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Texas Capital (NASDAQ: TCBI) from $28.00 to $30.00 in a research issued note to investors on Thursday. They currently have an “equal weight” rating on the company’s shares.Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Texas Capital from $28.00 to $30.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Analysts at Sandler O’Neill upgraded shares of Texas Capital from a “hold” rating to a “buy” rating in a research note to investors on Friday, October 7th. Also, analysts at Zacks Investment Research upgraded shares of Texas Capital from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, August 4th.Texas Capital Bancshares, Inc. (Texas Capital Bancshares) is a financial holding company of its wholly owned subsidiary, Texas Capital Bank, National Association (the Bank). The Bank provides commercial banking services to its customers in Texas. It offers a variety of loan, deposit account and other financial products and services to its customers. The Bank offers a range of products and services oriented to the needs of its business customers, including commercial loans for general corporate purposes including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; equipment leasing; cash management services; trust and escrow services, and letters of credit.Shares of Texas Capital traded down 3.00% during mid-day trading on Thursday, hitting $26.20. Texas Capital has a 52 week low of $17.28 and a 52 week high of $29.48. The stock’s 50-day moving average is $24.40 and its 200-day moving average is $25.10. The company has a market cap of $978.0 million and a price-to-earnings ratio of 20.35. Stay on top of analysts' coverage with our daily email newsletter that provides a concise list of analysts’ upgrades, analysts’ downgrades and analysts’ price target changes for each day. Click here to register.
