New York, October 30 (FinanceEnquiry.com) – Analysts at Deutsche Bank Securities reiterate their HOLD rating on the shares of Texas Capital BancShares Inc (NASDAQ: TCBI). The 12-month target price is set to $47.
In a research note published on October 26, the analysts mention that market share gains and a comparatively strong economy of TX are predicted to drive solid operating leverage in FY13 and besides, the franchise is viewed optimistically.
In addition to this, partly offsetting future market share gains and generating a bit of an EPS headwind, to some extent, it is concerning that refinance activity could slow down in 2H13 at the same time as continued strong mortgage action is anticipated equalizing to stronger warehouse action, supporting elevated average warehouse loan balances and fee income in fourth quarter of 2012/FY13.
It means that, in spite of the latent for strong NIM pressure in the next few quarters, persistent costs of low cycle (OREO expense), the strong total loan growth in third quarter and the anticipation for stronger HFI loan growth in fourth quarter are expected to possibly drive the consensus EPS higher, the analysts add further.
New York, May 23 (FinanceEnquiry.com) – Seeing that countrywide sales gave you an idea about just a minor augment, sales of existing houses in the Albuquerque metro market soared more or less 21 percent in the...Asian Stocks Slip Since Markets Look At Probable Fed Narrowing - May 23, 2013
New York, May 23 (FinanceEnquiry.com) – On indications the US Federal Reserve may possibly in next to no time begin narrowing off its enormous stimulus gauges, Asian markets were by and large lower on...Deutsche Bank Securities Reiterates BUY Rating on Arkansas Best Corporation (NASDAQ: ABFS) - May 22, 2013
In a research note published on May 16, the analysts mention that as of the end of...Vertu Ascent Ferrari GT: Time to Choose Something Antique - May 16, 2013
In a...verykool R623: Giving Statement to Style - May 14, 2013
New York, May 14 (FinanceEnquiry.com) – verykool R623 is a smart looking QWERTY mobile phone released recently in the present year only. Motive behind launching this Dual SIM (Mini-SIM) phone seems to...