Truist Financial Raises Texas Capital Bancshares PT to $70.00

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Texas Capital Bancshares ($NASDAQ:TCBI), Inc., based in Dallas, Texas, is a financial holding company that operates as a commercial bank. It provides commercial banking services to small- and medium-sized businesses, professional services firms, real estate investors and developers, entrepreneurs, and high-net worth individuals in the United States. The company offers deposits, lending, trust and investments, and other financial services through its subsidiaries.

With the increased PT for Texas Capital Bancshares, investors have high hopes that the company’s stock will continue to rise significantly in the near future. As the company continues to expand its reach and grow its portfolio of services, it is expected that the stock will continue to grow in value.

Price History

Despite this, the stock opened at $62.7 and closed at $62.2, a 0.3% decrease from the previous closing price of $62.4. Despite the price target increase, investors were wary of the stock, leading to its slight decline. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for TCBI. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for TCBI. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for TCBI. More…

Key Ratios Snapshot

Some of the financial key ratios for TCBI are shown below. More…

Analysis

As part of our analysis of TEXAS CAPITAL BANCSHARES, we used our Star Chart to gauge the company’s wellbeing. The results of this assessment showed that TEXAS CAPITAL BANCSHARES is strong in growth and asset but is only medium in profitability and weak in dividend. The health score of 9/10 that we assigned to the company indicates that it is capable of riding out any crisis without risk of bankruptcy, considering its cashflows and debt. Based on these assessment results, we classify TEXAS CAPITAL BANCSHARES as a ‘cheetah’ company, one which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Given its classification as a ‘cheetah’ company, investors who are looking for short-term returns may be interested in TEXAS CAPITAL BANCSHARES. Similarly, investors who are comfortable with taking high risks may also be attracted to the company due to its potential for high returns. However, those who are looking for steady returns and lower risk should exercise caution when considering an investment in this company. More…

Peers

Texas Capital Bancshares Inc is one of the leading banking providers in Texas and is part of a highly competitive industry. It competes with other prominent companies such as Gouverneur Bancorp Inc, Simmons First National Corp and First Capital Inc, all of which offer a range of banking services.

– Gouverneur Bancorp Inc ($OTCPK:GOVB)

Gouverneur Bancorp Inc is a financial services holding company based in Gouverneur, New York. The company provides a broad range of banking, investment and insurance services to individuals, businesses and organizations throughout the state. As of 2022, Gouverneur Bancorp Inc has a market cap of 16.67M. This market cap reflects the total value of all the company’s outstanding stock. The size of the market cap indicates the relative size and importance of Gouverneur Bancorp Inc in the financial services industry.

– Simmons First National Corp ($NASDAQ:SFNC)

Simmons First National Corp is a publicly traded financial holding company with a market cap of 2.76 billion as of 2022. The company operates through subsidiaries in Arkansas, Missouri, and Kansas, providing banking, insurance and investment services to individuals and businesses. It also offers a wide range of loan products, including consumer loans, mortgage loans, commercial loans and home equity loans, as well as credit cards, deposits and wealth management services. Simmons First National Corp has a strong presence in the Midwest, where the majority of its customers are located.

– First Capital Inc ($NASDAQ:FCAP)

First Capital Inc is a financial and investment services company based in the United States. As of 2022, it has a market cap of 84.12M. Market capitalization is a metric used to measure the size of a publicly-traded company, which is calculated by multiplying the current stock price by the total number of outstanding shares. First Capital Inc provides a range of services such as asset management, capital markets, technology solutions, and banking services to its clients. It also offers services related to wealth management and insurance. The company has a strong presence in North America and Europe, with offices in major cities across the globe.

Summary

Texas Capital Bancshares is a publicly traded financial holding company based in Dallas, Texas. The company offers a variety of banking products and services including commercial banking, investment banking, capital markets, real estate finance, and treasury management. Due to its strong performance and positive outlook, Truist Financial recently raised the price target for Texas Capital Bancshares to $70.00. Investors should take note of several key points when considering an investment in Texas Capital Bancshares.

First, the company’s strong financial performance in recent years has resulted in improved profitability. Second, the company has demonstrated its ability to grow its portfolio of loans at a steady rate. Third, Texas Capital Bancshares has an experienced management team that is highly knowledgeable about the banking sector. Finally, the company has a history of paying strong dividends, which can provide investors with an attractive return on their investment. Overall, Texas Capital Bancshares is an attractive option for investors seeking exposure to the banking sector.