Wunderlich Securities Raises TCBI PT To $29

Wunderlich Securities has issued a report raising the Price Target on Texas Capital Bancshares 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.