Texas Capital Downgraded To Neutral
We are downgrading our recommendation on Texas Capital Bancshares Inc. (NASDAQ:TCBI) to Neutral from Outperform as we believe that the positive factors have already been priced in the current valuation. Texas Capital’s third-quarter 2011 operating earnings of 56 cents per share were well ahead of the Zacks Consensus Estimate of 50 cents. The results also [...]
We are downgrading our recommendation on Texas Capital Bancshares Inc. (NASDAQ:TCBI) to Neutral from Outperform as we believe that the positive factors have already been priced in the current valuation.
Texas Capital’s third-quarter 2011 operating earnings of 56 cents per share were well ahead of the Zacks Consensus Estimate of 50 cents. The results also outpaced the prior-year earnings of 25 cents per share. Quarterly results benefited from an increase in net interest income. However, lower … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards