Texas Capital Bancshares, Inc (TCBI) concluded trading on Wednesday at a closing price of $76.64, with 0.3 million shares of worth about $22.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.96% during that period and on January 08, 2025 the price saw a loss of about -0.05%. Currently the company’s common shares owned by public are about 46.21M shares, out of which, 45.07M shares are available for trading.
Stock saw a price change of -1.99% in past 5 days and over the past one month there was a price change of -12.62%. Year-to-date (YTD), TCBI shares are showing a performance of -1.99% which increased to 20.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $54.68 but also hit the highest price of $91.80 during that period. The average intraday trading volume for Texas Capital Bancshares, Inc shares is 438.28K. The stock is currently trading -3.85% below its 20-day simple moving average (SMA20), while that difference is down -7.44% for SMA50 and it goes to 11.73% higher than SMA200.
Texas Capital Bancshares, Inc (NASDAQ: TCBI) currently have 46.21M outstanding shares and institutions hold larger chunk of about 96.52% of that.
The stock has a current market capitalization of $3.54B and its 3Y-monthly beta is at 1.17. PE ratio of stock for trailing 12 months is 436.70, while it has posted earnings per share of $0.18 in the same period. Its PEG reads 17.20 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TCBI, volatility over the week remained 2.64% while standing at 2.80% over the month.
Stock’s fiscal year EPS is expected to drop by -73.70% while it is estimated to increase by 506.34% in next year. EPS is likely to grow at an annualized rate of 25.38% for next 5-years, compared to annual growth of -9.39% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Hovde Group on October 18, 2024 offering a Market perform rating for the stock and assigned a target price range of between $73 and $79 to it. Coverage by Piper Sandler stated Texas Capital Bancshares, Inc (TCBI) stock as a Neutral in their note to investors on October 18, 2024, suggesting a price target of $82 for the stock. On September 23, 2024, Hovde Group Reiterated their recommendations, while on September 17, 2024, Raymond James Upgrade their ratings for the stock with a price target of $78. Stock get a Buy rating from BofA Securities on September 09, 2024.
