Bull of the Day: Texas Capital Bancshares
by Zacks Equity ResearchJanuary 15, 2013 | Comments : 0 Recommended this article: (0)
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The company's business model remains a primary growth driver. In addition, the gain in market share from its competitors and organic growth is impressive. Its efforts to hire experienced bankers and expand its presence are encouraging.
We believe that with an eventual improvement in the Texas economy, the company would be poised to experience a further increase in earnings. Our six-month target price of $53.00 equates to 18.2x Zacks Consensus Estimate for 2012. This target price implies an expected return of about 14.6% over that period, consistent with our long-term Outperform recommendation on the shares.
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