Texas Capital Bancshares, Inc. [TCBI] stock prices are down -6.56% to $66.04 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TCBI shares have gain 2.87% over the last week, with a monthly amount glided 14.14%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Texas Capital Bancshares, Inc. [NASDAQ: TCBI] stock has seen the most recent analyst activity on April 19, 2024, when Hovde Group reiterated its Market Perform rating and also revised its price target to $61.50 from $87.50. Previously, Raymond James downgraded its rating to Mkt Perform on April 04, 2024. On April 01, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $66 on the stock. Barclays started tracking the stock assigning a Underweight rating and suggested a price target of $47 on March 08, 2024. Citigroup initiated its recommendation with a Neutral and recommended $57 as its price target on December 01, 2023. UBS started tracking with a Sell rating for this stock on March 15, 2023, and assigned it a price target of $51.
The stock price of Texas Capital Bancshares, Inc. [TCBI] has been fluctuating between $52.89 and $72.07 over the past year. Currently, Wall Street analysts expect the stock to reach $70 within the next 12 months. Texas Capital Bancshares, Inc. [NASDAQ: TCBI] shares were valued at $66.04 at the most recent close of the market. An investor can expect a potential return of 6.0% based on the average TCBI price forecast.
Analyzing the TCBI fundamentals
The Texas Capital Bancshares, Inc. [NASDAQ:TCBI] reported sales of 1.82B for trailing twelve months, representing a surge of 8.14%. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.05 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.94 points at the first support level, and at 61.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.79, and for the 2nd resistance point, it is at 71.55.
Ratios To Look Out For
It’s worth pointing out that Texas Capital Bancshares, Inc. [NASDAQ:TCBI]’s Current Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 1.08 and price to earnings (TTM) ratio is 20.03.
Transactions by insiders
Recent insider trading involved STALLINGS ROBERT W, Director, that happened on May 23 ’24 when 10369.0 shares were purchased. Director, STALLINGS ROBERT W completed a deal on May 22 ’24 to buy 3000.0 shares. Meanwhile, Director STALLINGS ROBERT W bought 3000.0 shares on May 21 ’24.
