Wunderlich Securities Sees Slight Bias To Upside Vs. Consensus For Texas Capital Bancshares

In a report published Monday, Wunderlich Securities analyst Kevin B. Reynolds reiterated a Buy rating and $75.00 price target on

. In the report, Wunderlich Securities noted, “We maintain our Buy rating on shares of Texas Capital Bancshares, as well as our price target of $75. We are maintaining our 2014 earnings per share estimate of $2.87, as well as our 2015 EPS estimate of $3.30. Our 12-18 month price target of $75.00 approximates 22.7 times our 2015 EPS estimate, which is a sizable premium vs. the median for Southern banks in our research universe that reflects some, but not all, of the benefit that TCBI would likely enjoy should short-term interest rates rise over the next 12 to 18 months.” Texas Capital Bancshares closed on Friday at $47.05.