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.