Texas Capital Bancshares (TCBI) PT Lowered to $80 at Piper Jaffray Following 1Q

Piper Jaffray lowered its price target on Texas Capital Bancshares (NASDAQ: TCBI) to $80.00 (from $85.00) while maintaining a Neutral rating. TCBI reported 1Q EPS of $0.80. Results were below the $0.88 consensus estimate.

The shares will likely be soft given lower EPS than expected. Analyst Brett Rabatin believes that a pronounced pull-back would be an opportunity, given a strong loan pipeline and less credit concerns than most peers.

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