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Texas Capital Bancshares (TCBI)
by Zacks Equity ResearchMay 16, 2012 | Comments : 0 Recommended this article: (0)
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Texas Capital's business model remains a chief growth driver. The gain in market share from its competitors and organic growth is impressive. Credit quality improvement is also encouraging. The company's efforts to hire experienced bankers and expand its presence are impressive.
We believe that with an eventual improvement in the Texan economy, the company would be further poised to experience an increase in earnings. Our six-month target price of $46.00 equates to 16.7x our earnings estimate for 2012. This price target implies an expected total return of 18.8% over that period.
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