Keefe, Bruyette & Woods Starts Texas Capital Bancshares (TCBI) at Market Perform; Unique Strategy, But Relative Return

Keefe, Bruyette & Woods initiates coverage on Texas Capital Bancshares (NASDAQ: TCBI) with a Market Perform. PT $33.00.

KBW analyst says, "Texas Capital is one of the fastest growing banks in Texas and nationally due to its unique business model, which has spurred an inflow of commercial lenders away from peers. Texas Capital has a relatively large mortgage warehouse business at 25% of assets aiding its current record performance. With a 1% expected return, we rate TCBI Market Perform."

For an analyst ratings summary and ratings history on Texas Capital Bancshares click here. For more ratings news on Texas Capital Bancshares click here.

Shares of Texas Capital Bancshares closed at $33.47 yesterday.

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