Texas Capital Bancshares, Inc. [NASDAQ: TCBI] surged by $0.76 during the normal trading session on while it closed the day at $59.46.
Texas Capital Bancshares, Inc. stock has also loss -4.65% of its value over the past 7 days. However, TCBI stock has inclined by 2.41% in the 3 months of the year. Over the past six months meanwhile, it has gained 9.52% and lost -8.00% year-on date.
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The market cap for TCBI stock reached $2.77 billion, with 47.24 million shares outstanding and 45.53 million shares in the current float. Compared to the average trading volume of 397.56K shares, TCBI reached a trading volume of 220456 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Texas Capital Bancshares, Inc. [TCBI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TCBI shares is $63.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TCBI stock is a recommendation set at 2.93. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Hovde Group have made an estimate for Texas Capital Bancshares, Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on April 19, 2024. The new note on the price target was released on April 04, 2024, representing the official price target for Texas Capital Bancshares, Inc. stock. Previously, the target price had yet another drop from $72 to $66, while Truist kept a Hold rating on TCBI stock.
The Average True Range (ATR) for Texas Capital Bancshares, Inc. is set at 1.28, with the Price to Sales ratio for TCBI stock in the period of the last 12 months amounting to 1.52. The Price to Book ratio for the last quarter was 0.97. Price to Free Cash Flow for TCBI in the course of the last twelve months was 6.66.
TCBI stock trade performance evaluation
Texas Capital Bancshares, Inc. [TCBI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.65. With this latest performance, TCBI shares gained by 1.45% in over the last four-week period, additionally plugging by 9.52% over the last 6 months – not to mention a rise of 18.47% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TCBI stock in for the last two-week period is set at 46.20, with the RSI for the last a single of trading hit 41.51, and the three-weeks RSI is set at 48.24 for Texas Capital Bancshares, Inc. [TCBI]. The present Moving Average for the last 50 days of trading for this stock 59.41, while it was recorded at 60.08 for the last single week of trading, and 59.43 for the last 200 days.
Texas Capital Bancshares, Inc. [TCBI]: An insightful look at the core fundamentals
Texas Capital Bancshares, Inc.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.37.
Earnings per share (EPS) analysis for Texas Capital Bancshares, Inc. [TCBI] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TCBI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Texas Capital Bancshares, Inc. go to 8.00%.
Texas Capital Bancshares, Inc. [TCBI]: Institutional Ownership
The top three institutional holders of TCBI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TCBI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TCBI stock with ownership which is approximately 5.8386%.
