Stephens analyst Matt Olney maintained a Hold rating on Texas Capital Bancshares (TCBI) yesterday and set a price target of $59. The company’s shares closed yesterday at $50.91, close to its 52-week low of $50.69.
According to TipRanks.com, Olney is a 1-star analyst with an average return of -3.5% and a 36.0% success rate. Olney covers the Financial sector, focusing on stocks such as Spirit Of Texas Bancshares Inc, Hancock Whitney Corporation, and First Western Financial Inc.
Texas Capital Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $82.83, implying a 62.7% upside from current levels. In a report issued on December 14, J.P. Morgan also initiated coverage with a Hold rating on the stock with a $62 price target.
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The company has a one-year high of $103.05 and a one-year low of $50.69. Currently, Texas Capital Bancshares has an average volume of 736.9K.
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.
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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.
