Wunderlich Securities has issued a report raising the Price Target on Texas Capital Bancshares (NASDAQ:
TCBI) from $25 to $29 a share.
According to the report, "TCBI reported very strong 2Q11 results that easily exceeded expectations. Inside the numbers, loan growth was spectacular (+55% LQA) and the NIM expanded 40 bps sequentially, leading to top-line growth of 38% LQA."
TCBI has a Hold Rating and closed yesterday at $26.90 a share.
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