Compass Point Thinks Texas Capital Bancshares’ Stock is Going to Recover


Texas Capital Bancshares (TCBI) received a Buy rating and an $84 price target from Compass Point analyst Chris Gamaitoni today. The company’s shares opened today at $59.51, close to its 52-week low of $59.05.

According to TipRanks.com, Gamaitoni is ranked #2989 out of 4891 analysts.

Texas Capital Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $89.60.

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Based on Texas Capital Bancshares’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $85.55 million. In comparison, last year the company had a net profit of $58.68 million.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TCBI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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