Texas Capital Bancshares, Inc. [TCBI] stock is trading at $64.34, up 2.24%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TCBI shares have gain 5.80% over the last week, with a monthly amount drifted -1.20%, and not 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 July 22, 2024, when Citigroup downgraded its rating to a Sell but kept the price target unchanged to $60 for it. Previously, Hovde Group reaffirmed its Market Perform rating on April 19, 2024, and dropped its price target to $61.50. On April 04, 2024, downgrade downgraded it’s rating to Mkt Perform. Truist downgraded its rating to a Hold and decreased its price target to $66 on April 01, 2024. Barclays initiated its recommendation with a Underweight and recommended $47 as its price target on March 08, 2024. Citigroup started tracking with a Neutral rating for this stock on December 01, 2023, and assigned it a price target of $57. In a note dated March 15, 2023, UBS initiated an Sell rating and provided a target price of $51 on this stock.
Texas Capital Bancshares, Inc. [TCBI] stock has fluctuated between $52.89 and $72.07 over the past year. Currently, Wall Street analysts expect the stock to reach $72 within the next 12 months. Texas Capital Bancshares, Inc. [NASDAQ: TCBI] shares were valued at $64.34 at the most recent close of the market. An investor can expect a potential return of 11.91% based on the average TCBI price forecast.
Analyzing the TCBI fundamentals
Texas Capital Bancshares, Inc. [NASDAQ:TCBI] reported sales of 1.85B for the trailing twelve months, which represents a growth of 5.74%. Gross Profit Margin for this corporation currently stands at 0.87% 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 63.27 points at the first support level, and at 62.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.03, and for the 2nd resistance point, it is at 65.72.
Ratios To Look Out For
For context, Texas Capital Bancshares, Inc.’s Current Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 23.26.
Transactions by insiders
Recent insider trading involved STALLINGS ROBERT W, Director, that happened on Aug 02 ’24 when 15000.0 shares were purchased. Director, STALLINGS ROBERT W completed a deal on Jul 31 ’24 to buy 14000.0 shares. Meanwhile, Director STALLINGS ROBERT W bought 10000.0 shares on Jul 30 ’24.
