Thu Sep 19 07:02:55 UTC 2024: ## Texas Capital Bancshares Receives Upgrade, Target Price Raised

**Austin, Texas – September 19, 2024** – Texas Capital Bancshares (NASDAQ: TCBI) received a positive boost today as Raymond James upgraded the bank’s rating from “market perform” to “outperform.” The brokerage also set a $78.00 price target, representing a potential 8.44% upside from the current share price.

This upgrade comes after a series of other reports from various analysts, including Wedbush, Keefe, Bruyette & Woods, Stephens, DA Davidson, and JPMorgan Chase & Co. While opinions varied, with some giving “hold” or “neutral” ratings, the overall sentiment appears to be bullish.

Despite missing analysts’ expectations for earnings per share in its last quarterly report, Texas Capital Bancshares still reported strong revenue and continues to see strong activity from institutional investors.

In recent weeks, Director Robert W. Stallings has made multiple significant purchases of company stock, further boosting confidence in the company’s future prospects.

Texas Capital Bancshares offers a full range of financial services to businesses, entrepreneurs, and individuals, including commercial and consumer banking, investment banking, and wealth management solutions.

The upgrade from Raymond James and the overall positive sentiment from other analysts suggests a bright future for Texas Capital Bancshares. Investors are encouraged to closely follow the company’s performance as it continues to navigate the current market landscape.

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