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UPDATE: Wunderlich Upgrades Texas Capital Bancshares Inc

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In a note issued earlier Friday morning, Wunderlich analyst Kevin Reynolds upgraded shares of Texas Capital Bancshares Inc (NASDAQ: TCBI) from Hold to Buy and raised the price target from $56 to $75.

Reynolds commented, "TCBI is the most asset sensitive name in our bank research universe... If rates never rise again, TCBI remains an above-average growth story that should produce robust EPS growth--but as rates increase, we believe a tremendous amount of earnings leverage will be unleashed."

In a look at the company's recent results, Reynolds noted Texas Capital posted above consensus EPS for the first time in seven quarters, an achievement he said signifies the company has turned the corner.

Looking ahead, Reynolds is forecasting a fiscal-year EPS of $2.90 in 2014 and $3.40 in 2015.

Latest Ratings for TCBI

DateFirmActionFromTo
Jan 2022Raymond JamesMaintainsOutperform
Jan 2022B of A SecuritiesReinstatesNeutral
Sep 2021Raymond JamesMaintainsOutperform

View More Analyst Ratings for TCBI

View the Latest Analyst Ratings

 

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Posted-In: Kevin Reynolds WunderlichAnalyst Color News Upgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
SEDGB of A SecuritiesMaintains411.0
PTLOPiper SandlerMaintains28.0
AOUTLake StreetMaintains26.0
RAPTPiper SandlerMaintains52.0
OCXLake StreetMaintains6.0
View the Latest Analytics Ratings
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