Texas Capital Bancshares, Inc (NASDAQ: TCBI) is -1.99% lower on its value in year-to-date trading and has touched a low of $54.68 and a high of $91.80 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TCBI stock was last observed hovering at around $76.68 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $76.64, the stock is -3.85% and -7.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.3 million and changing -0.05% at the moment leaves the stock 11.73% off its SMA200. TCBI registered 20.96% gain for a year compared to 6-month gain of 22.96%. The firm has a 50-day simple moving average (SMA 50) of $82.7976 and a 200-day simple moving average (SMA200) of $68.59095.
The stock witnessed a -12.62% loss in the last 1 month and extending the period to 3 months gives it a 4.73%, and is -1.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.64% over the week and 2.80% over the month.
Texas Capital Bancshares, Inc (TCBI) has around 1987 employees, a market worth around $3.54B and $1.89B in sales. Current P/E ratio is 436.70 and Fwd P/E is 13.58. Profit margin for the company is 0.50%. Distance from 52-week low is 40.16% and -16.51% from its 52-week high. The company has generated returns on investments over the last 12 months (0.23%).
The EPS is expected to shrink by -73.70% this year
363.0 institutions hold shares in Texas Capital Bancshares, Inc (TCBI), with institutional investors hold 101.06% of the company’s shares. The shares outstanding are 46.21M, and float is at 45.07M with Short Float at 2.65%. Institutions hold 99.44% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.87 million shares valued at $358.99 million. The investor’s holdings represent 12.4193 of the TCBI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.65 million shares valued at $284.31 million to account for 9.8355 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.31 million shares representing 7.0029 and valued at over $202.42 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 6.1238 of the shares totaling 2.9 million with a market value of $177.01 million.
Texas Capital Bancshares, Inc (TCBI) Insider Activity
The most recent transaction is an insider purchase by STALLINGS ROBERT W, the company’s Director. SEC filings show that STALLINGS ROBERT W bought 20,000 shares of the company’s common stock on Oct 22 ’24 at a price of $21.28 per share for a total of $0.43 million. Following the purchase, the insider now owns 84587.0 shares.
Texas Capital Bancshares, Inc disclosed in a document filed with the SEC on Sep 10 ’24 that STALLINGS ROBERT W (Director) bought a total of 1,187 shares of the company’s common stock. The trade occurred on Sep 10 ’24 and was made at $20.79 per share for $24678.0. Following the transaction, the insider now directly holds 0.18 million shares of the TCBI stock.
Still, SEC filings show that on Sep 10 ’24, STALLINGS ROBERT W (Director) acquired 480 shares at an average price of $20.86 for $10013.0. The insider now directly holds 64,587 shares of Texas Capital Bancshares, Inc (TCBI).
