Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has a higher price-to-earnings ratio of 24.08x compared to its average ratio. TCBI has 36-month beta value of 1.14. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 13 as “hold,” and 0 as “sell.”
The public float for TCBI is 45.07M, and currently, short sellers hold a 3.28% ratio of that float. The average trading volume of TCBI on September 06, 2024 was 394.64K shares.
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TCBI) stock’s latest price update
Texas Capital Bancshares, Inc. (NASDAQ: TCBI)’s stock price has soared by 2.57 in relation to previous closing price of 64.94. Nevertheless, the company has seen a gain of 0.12% in its stock price over the last five trading days. globenewswire.com reported 2024-09-06 that Three years into its enterprise-wide transformation, firm reports significant progress towards financial and strategic targets Three years into its enterprise-wide transformation, firm reports significant progress towards financial and strategic targets
TCBI’s Market Performance
Texas Capital Bancshares, Inc. (TCBI) has experienced a 0.12% rise in stock performance for the past week, with a 15.00% rise in the past month, and a 14.00% rise in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.99% for TCBI. The simple moving average for the last 20 days is 5.03% for TCBI’s stock, with a simple moving average of 9.97% for the last 200 days.
Analysts’ Opinion of TCBI
Many brokerage firms have already submitted their reports for TCBI stocks, with Citigroup repeating the rating for TCBI by listing it as a “Sell.” The predicted price for TCBI in the upcoming period, according to Citigroup is $60 based on the research report published on July 22, 2024 of the current year 2024.
Hovde Group, on the other hand, stated in their research note that they expect to see TCBI reach a price target of $61.50, previously predicting the price at $87.50. The rating they have provided for TCBI stocks is “Market Perform” according to the report published on April 19th, 2024.
TCBI Trading at 5.00% from the 50-Day Moving Average
After a stumble in the market that brought TCBI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.58% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +11.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.39% upper at present.
During the last 5 trading sessions, TCBI fell by -0.50%, which changed the moving average for the period of 200-days by +20.45% in comparison to the 20-day moving average, which settled at $63.76. In addition, Texas Capital Bancshares, Inc. saw 3.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TCBI starting from STALLINGS ROBERT W, who purchase 10,000 shares at the price of $20.20 back on Aug 23 ’24. After this action, STALLINGS ROBERT W now owns 40,000 shares of Texas Capital Bancshares, Inc., valued at $202,000 using the latest closing price.
STALLINGS ROBERT W, the Director of Texas Capital Bancshares, Inc., purchase 10,000 shares at $20.13 during a trade that took place back on Aug 22 ’24, which means that STALLINGS ROBERT W is holding 30,000 shares at $201,300 based on the most recent closing price.
Stock Fundamentals for TCBI
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.87 for the gross margin
The net margin for Texas Capital Bancshares, Inc. stands at 0.09. The total capital return value is set at 0.01. Equity return is now at value 4.78, with 0.51 for asset returns.
Based on Texas Capital Bancshares, Inc. (TCBI), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is 0.25.
Currently, EBITDA for the company is 246.59 million with net debt to EBITDA at -4.22. When we switch over and look at the enterprise to sales, we see a ratio of 1.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.31.
Conclusion
To put it simply, Texas Capital Bancshares, Inc. (TCBI) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
