Fly News Breaks for December 11, 2019
Dec 11, 2019 | 04:56 EDT
Keefe Bruyette analyst Brady Gailey upgraded Texas Capital Bancshares (TCBI) to Outperform from Market Perform with a price target of $72, up from $64. The analyst synced the company's rating with that of Independent Bank (IBTX) following the merger of equals announcement. He views the deal as "compelling" given the tangible book value and earnings accretion.
News For TCBI;IBTX From the Last 2 Days
Apr 21, 2021 | 16:05 EDT
Reports Q1 book value per share $53.59. Reports Q1 CET1 capital ratio 10.2%. Reports Q1 net charge-offs .11%. "In my first 90 days as CEO, we have achieved momentum in establishing the foundation from which we can move forward," said Rob Holmes, president and CEO. "In the first quarter alone, we were able to execute the largest capital raise in our history and close on our first warehouse lending credit risk transfer transaction, both of which position TCBI for future growth. Looking ahead, we will continue to supplement our workforce with new talent, take steps to drive shareholder value and develop our fulsome long-term strategy. As promised, I look forward to sharing it with you in the third quarter."