Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Texas Capital Bancshares (NASDAQ:TCBI), Moelis (NYSE:MC) and Zions Bancorp (NASDAQ:ZION).
Texas Capital Bancshares (TCBI)
Raymond James analyst Michael Rose maintained a Buy rating on Texas Capital Bancshares on October 18 and set a price target of $90. The company’s shares closed yesterday at $64.05, close to its 52-week low of $63.20.
According to TipRanks.com, Rose is a 4-star analyst with an average return of 7.0% and a 60.1% success rate. Rose covers the Financial sector, focusing on stocks such as Cadence Bancorporation, Bok Financial Corp, and Bank OZK.
Currently, the analyst consensus on Texas Capital Bancshares is a Moderate Buy with an average price target of $89.33, representing a 39.5% upside. In a report released today, Compass Point also upgraded the stock to Buy with a $84 price target.
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Moelis (MC)
In a report released today, Brennan Hawken from UBS maintained a Hold rating on Moelis, with a price target of $54. The company’s shares closed yesterday at $50.62.
According to TipRanks.com, Hawken is a 5-star analyst with an average return of 16.0% and a 65.0% success rate. Hawken covers the Financial sector, focusing on stocks such as Evercore Partners Inc, Franklin Resources, and E*Trade Financial.
Moelis has an analyst consensus of Hold, with a price target consensus of $60.50.
Zions Bancorp (ZION)
In a report released today, David Long from Raymond James maintained a Buy rating on Zions Bancorp, with a price target of $56. The company’s shares closed yesterday at $45.35, close to its 52-week low of $43.50.
According to TipRanks.com, Long is a 2-star analyst with an average return of 0.0% and a 37.0% success rate. Long covers the Financial sector, focusing on stocks such as Union First Market Bankshares Corp, American River Bankshares, and Huntington Bancshares Inc.
Zions Bancorp has an analyst consensus of Moderate Buy, with a price target consensus of $57.60, a 27.0% upside from current levels. In a report issued on October 9, Vining Sparks also maintained a Buy rating on the stock with a $63 price target.
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