NewsBur
No Result
View All Result
Tuesday, January 26, 2021
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
Subscribe
Newsbur
  • Home
  • Morning News
  • Market News
  • Analyst Actions
  • Trending Stocks
No Result
View All Result
Newsbur
No Result
View All Result
Home Market News

Texas Capital Bancshares Inc. (TCBI) still -55.79% down from 52-week high. Can the Texas Capital Bancshares Inc. stock breach the gap in a month?

by Shawn Johnson
July 3, 2020
in Market News
0

Mature latin businessman showing stock market bar graph to businesswoman. Financial advising team discussing trading patterns of year. Rear view of casual businesspeople holding charts studying year trend together.

0
SHARES
23
VIEWS
Share on FacebookShare on Twitter

Texas Capital Bancshares Inc. (NASDAQ:TCBI) went down by -2.98% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Banks – Regional giant went up by $28.68 to trade ended Thursday trading at $29.56. This is down from the $29.56 price recorded on Wednesday’s trading session. Thanks to this latest performance, TCBI is closer to the higher price 52-week target of $40.00 and further from the lowest price target of $24.00. Its performance from the start of the year has also been negative, with TCBI down by -49.48% year-to-date.

Texas Capital Bancshares Inc. (TCBI) started the day trading at $30.6 and recorded an intraday high of $31.185. It also recorded an intraday low of $28.37 during Thursday’s trading session. Texas Capital Bancshares Inc. is a very active stock that recorded a trading volume that is less than -28.86% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 814854, which is less than -28.86 of the total average daily trading volume of 1.05 million.

Texas Capital Bancshares Inc. (NASDAQ:TCBI) 2020 Performance Impressive

The increase in TCBI’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of TCBI currently stands at $64.88, which is higher than the current trading price of the stock by 55.8%. However, TCBI’s current trading price is -50.16% lower than the 52-week low price of $19.10. In terms of trading volume, Texas Capital Bancshares Inc. currently experienced healthy participation during the last trading session. 814854 shares of Texas Capital Bancshares Inc. were traded on the stock exchange on Thursday, which is less than -28.86% of the 1.05 million average trading volume of the stock.

The performance of the stock has been positive over the past year. TCBI’s performance over the past one year has seen it plunge by -52.60%, while the stock has gone down by -48.97% in the last six months. The quarterly performance of TCBI currently stands at 29.66%, and it is down by -4.53% in the last month. The only negative figure was from the weekly performance, which currently reads -8.74%. At the time of writing TCBI’s report, the company has a total market cap of $1.59B, making it one of the largest publicly-traded companies in the world.Texas Capital Bancshares Inc. also has over 1738 employees all over the world.

TCBI Insider Activities

For Texas Capital Bancshares Inc., insiders hold 94.50% of all company shares. The insider transactions over the past six months are up by 71.30%. During that period, insiders bought 177,541 shares in 22 transactions. In that same period, insiders sold 13,872 of their shares in 10 transactions. After these transactions, insiders at Texas Capital Bancshares Inc. now hold 270.79k shares, which is over 95.37% of the total company stocks. Institutional investors currently hold a large chunk of the TCBI shares, as they control 0.54% of the company’s total stock.

TCBI Fundamental Analysis

For Texas Capital Bancshares Inc., the stock’s diluted earnings per share (EPS) stands at 4.24. In the coming year, analysts expect the EPS to be 2.71. The stock’s EPS growth this year is 7.30%, with analysts expecting almost a 3 growth in the earnings per share next week. In terms of revenue, Texas Capital Bancshares Inc.’s quarterly sales (YOY) is growing at 0.26, which is lower than the average annual revenue of 16.60% over the past half a decade.

The Return on Investment (ROI) on Texas Capital Bancshares Inc.’s stock currently stands at 26.70%, and it has a net profit margin of 15.90%. The operating margin of the company is 63.30%.

TCBI Analysts Prediction

The Piper Sandler has a Neutral rating for Texas Capital Bancshares Inc., predicting the stock price to stay between $41 and $26. UBS reiterate their Neutral position on the stock ($54 and $58)

At the moment, Texas Capital Bancshares Inc.’s Total Debt to Equity ratio stands at 0.15, and they have a long-term Debt to Equity ratio of 0.15.

TCBI Technical Analysis

The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of TCBI currently stands at -12.05%, while the SMA50 is -1.59%. The biggest one is the SMA200, which is currently reading -35.35% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 44.72, while its price to earnings ratio (P/E) is 6.77.

Tags: NASDAQ:TCBITCBITCBI stockTexas Capital Bancshares Inc.

Recommended Stories

The Price of The AES Corporation [AES] Just Hit $17.68

August 28, 2020

Checkpoint Therapeutics Inc. [CKPT] is One of the Best Plays in Healthcare and This Proves It

September 23, 2020

Tortoise Acquisition Corp. [SHLL] is One of the Best Plays in Financial and This Proves It

September 18, 2020

Popular Stories

  • Sorrento Therapeutics Inc. [SRNE] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] is One of the Best Plays in Healthcare and This Proves It

    0 shares
    Share 0 Tweet 0
  • Heat Biologics Inc. [HTBX] Is Skyrocketing 13.15% on Pure Fundamentals

    0 shares
    Share 0 Tweet 0
  • BlackBerry Limited [BB] is a Top Ten Buy with Quarterly Revenues of 999.00M

    0 shares
    Share 0 Tweet 0
  • Impressive Profit Margins of -5.80% Raise Bull Flags for General Electric Company [GE]

    0 shares
    Share 0 Tweet 0

NewsBur.com

Newsbur.com is an Economic news website, which offers broad information about the Stock markets and Equities. The major emphasis of this platform is to present, the most practical recommendation for public and private capital sharing, both in the form of updates and detailed analysis.

Recent Posts

  • After-Hours Trading Alert: Amgen Inc. [AMGN] is Up 0.85% After the Bell
  • Has Dynatrace Inc. [DT] Completely Outpaced Other Companies in the Technology This Year?
  • Why Applied Materials Inc. [AMAT]’s 1.55% Drop is No Cause for Alarm

Categories

  • Analyst Actions
  • Market News
  • Morning News
  • Trending Stocks
  • Uncategorized

© 2020 Copyright © All Rights Reserved.

No Result
View All Result
  • Home
  • Market News
  • Morning News
  • Analyst Actions
  • Trending Stocks

© 2020 Copyright © All Rights Reserved.