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Merion Capital Group drops coverage of Texas Capital Bancshares

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Merion Capital Group drops coverage of Texas Capital Bancshares

Dropped coverage

* Merion Capital Group has dropped coverage of Dallas-based Texas Capital Bancshares Inc., due to a reallocation of resources.

Analyst Joseph Gladue maintained the stock rating at "neutral." The price target was maintained at $104.

* Merion Capital Group also discontinued coverage of Easton, Md.-based Shore Bancshares Inc. for the same reasons.

Gladue downgraded Shore Bancshares' final stock rating to "neutral" from "outperform" due to valuation. Gladue maintained Shore Bancshares' price target at $20.