Piper Jaffray Raises Price Target on Texas Capital Bancshares (TCBI) to $46; Remains Sidelined

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Go back to Piper Jaffray Raises Price Target on Texas Capital Bancshares (TCBI) to $46; Remains Sidelined

Texas Capital Bancshares, Inc. Announces Operating Results for Q1 2016

April 20, 2016 4:02 PM EDT

DALLAS, April 20, 2016 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the first quarter of 2016.

We started 2016 with good core loan growth, and a solid mortgage finance quarter," said Keith Cargill, CEO. "As energy prices remain low across the futures curve, we have accelerated planned loan loss provisions but continue to believe that full-year guidance provided in January will accommodate first quarter provision and potential exposure for the remainder of 2016. Our MCA business continues to gain traction,... More