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Wedbush announced Texas Capital (NASDAQ:TCBI), boosting its stock price target to $54.00 today

In a report released on 10/07/2016 Wedbush increased the stock price target of Texas Capital (NASDAQ:TCBI) to $54.00 reporting a possible downside of -0.06%.

Just yesterday Texas Capital (NASDAQ:TCBI) traded -0.26% lower at $57.47. Texas Capital’s 50-day moving average is $52.66 and its 200-day moving average is $47.28. The last stock price is up 21.56% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 217,285 shares of TCBI traded hands, down from an average trading volume of 367,906

Recent Performance Chart

Texas Capital (NASDAQ:TCBI)

Texas Capital has 52 week low of $29.78 and a 52 week high of $61.83 with a PE ratio of 21.21 and has a market capitalization of $0.

In addition to Wedbush reporting its stock price target, a total of 15 brokerages have issued a ratings update on the company. The average stock price target is $46.40 with 3 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Texas Capital (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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