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RBC Capital Stick to Their Hold Rating for Texas Capital Bancshares

Published 07/22/2021, 09:51 PM
Updated 07/22/2021, 09:51 PM


RBC Capital analyst Jon Arfstrom maintained a Hold rating on Texas Capital Bancshares (NASDAQ:TCBI) on Thursday, setting a price target of $69, which is approximately 10.56% above the present share price of $62.41.

Arfstrom expects Texas Capital Bancshares to post earnings per share (EPS) of $0.00 for the third quarter of 2021.

The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Texas Capital Bancshares, with an average price target of $73.86.
The analysts price targets range from a high of $85 to a low of $64.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $226.18 million and a net profit of $0. The company's market cap is $3.16 billion.

According to TipRanks.com, RBC Capital analyst Jon Arfstrom is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.5% and a 64.73% success rate.

Texas Capital Bancshares, Inc. operates as the holding company for Texas Capital Bank NA. It provides commercial banking services to its customers in Texas and concentrates on middle market commercial businesses and successful professionals and entrepreneurs. The company loan portfolio comprises of commercial loans, real estate loans, construction loans and letters of credit; business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts, and other treasury management services, including an on-line system; trust and wealth management services include investment management, personal trust and estate services, custodial services, retirement accounts and related services. Texas Capital Bancshares was founded by George F. Jones, Jr. and Joseph M. Grant in November 1996 and is headquartered in Dallas, TX.

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