Stephens Sticks to Its Hold Rating for Texas Capital Bancshares

Stephens analyst Matt Olney maintained a Hold rating on Texas Capital Bancshares (NASDAQ: TCBI) today and set a price target of $105. The company’s shares closed on Friday at $99.60, close to its 52-week high of $103.05.

According to TipRanks.com, Olney is a 4-star analyst with an average return of 9.9% and a 72.8% success rate. Olney covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, First Financial Bankshares, and Commerce Bancshares Inc.

Texas Capital Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $102.80.

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Based on Texas Capital Bancshares’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $71.95 million. In comparison, last year the company had a net profit of $42.54 million.

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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.