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Texas Capital Bancshares Inc (NASDAQ:TCBI) target price raised to $78.00, reported today by DA Davidson

Yesterday Texas Capital Bancshares Inc (NASDAQ:TCBI) traded 0.00% even at $71.30. The company’s 50-day moving average is $62.72 and its 200-day moving average is $53.08. The last stock close price is up 34.32% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 240 shares of the stock were exchanged, down from an average trading volume of 398,562

Texas Capital Bancshares Inc (NASDAQ:TCBI) had its target price raised to $78.00 by DA Davidson in a report released 11/30/2016. The new target price indicates a possible upside of 0.09% based on the company's last stock close price.

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Texas Capital Bancshares Inc (NASDAQ:TCBI)

Texas Capital Bancshares Inc has a 52 week low of $29.78 and a 52 week high of $75.85 with a P/E ratio of 25.11 The company’s market cap is currently $0.

In addition to DA Davidson reporting its target price, a total of 15 firms have reported on the stock. The consensus target price is $46.40 with 3 firms rating the stock a strong buy, 3 firms rating the stock a buy, 8 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Texas Capital Bancshares Inc (NASDAQ:TCBI)

Texas Capital Bancshares, Inc. is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loans, deposit accounts and other financial products and services. It offers 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; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit. It provides banking services for its individual customers, such as personal wealth management and trust services; certificates of deposit; interest bearing and non-interest bearing checking accounts with features, such as Visa debit/automatic teller machine cards and overdraft protection; traditional money market and savings accounts; loans, both secured and unsecured, and Internet banking.

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