RBC Capital analyst Jon Arfstrom raised the firm’s price target on Texas Capital (TCBI) to $114 from $110 and keeps a Sector Perform rating on the shares. The company’s core results in Q1 remain positive, with higher Commercial and Industrial loan balances, margin expansion, and solid fee income trends driving results, the analyst tells investors in a research note.
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Read More on TCBI:
- Texas Capital price target raised to $100 from $96 at Piper Sandler
- Texas Capital Bancshares Signals Durable Earnings Momentum
- Texas Capital announces strategic leadership appointments
- Texas Capital Bancshares Posts Strong Q1, Initiates Dividend
- Texas Capital reports Q1 adjusted EPS $1.58, consensus $1.41