Texas Capital Bancshares (TCBI) PT Lowered to $80 at Piper Jaffray Following 1Q
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Price: $99.60 +0.53%
Rating Summary:
8 Buy, 12 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
Rating Summary:
8 Buy, 12 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 18 | Down: 12 | New: 24
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Piper Jaffray lowered its price target on Texas Capital Bancshares (NASDAQ: TCBI) to $80.00 (from $85.00) while maintaining a Neutral rating. TCBI reported 1Q EPS of $0.80. Results were below the $0.88 consensus estimate.
The shares will likely be soft given lower EPS than expected. Analyst Brett Rabatin believes that a pronounced pull-back would be an opportunity, given a strong loan pipeline and less credit concerns than most peers.
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