Texas Capital Bancshares, Inc [TCBI] stock prices are up 10.75% to $85.48 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TCBI shares have gain 10.50% over the last week, with a monthly amount glided 16.81%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Texas Capital Bancshares, Inc [NASDAQ: TCBI] stock has seen the most recent analyst activity on October 18, 2024, when Hovde Group reiterated its Market Perform rating and also boosted its price target to $79 from $73. Previously, Piper Sandler downgraded its rating to Neutral on October 18, 2024, and elevated its price target to $82. On September 23, 2024, Hovde Group reiterated its Market Perform rating and revised its price target to $73 on the stock. Raymond James upgraded its rating to a Outperform but stick to its price target of $78 on September 17, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $77 on September 09, 2024. Citigroup downgraded its rating to Sell for this stock on July 22, 2024, but kept the price target unchanged to $60. In a note dated April 19, 2024, Hovde Group reiterated an Market Perform rating on this stock and revised its target price from $87.50 to $61.50.
The stock price of Texas Capital Bancshares, Inc [TCBI] has been fluctuating between $53.16 and $82.25 over the past year. Currently, Wall Street analysts expect the stock to reach $76.2 within the next 12 months. Texas Capital Bancshares, Inc [NASDAQ: TCBI] shares were valued at $85.48 at the most recent close of the market. An investor can expect a potential drop of -10.86% based on the average TCBI price forecast.
Analyzing the TCBI fundamentals
The Texas Capital Bancshares, Inc [NASDAQ:TCBI] reported sales of 1.89B for trailing twelve months, representing a surge of 8.70%. Gross Profit Margin for this corporation currently stands at 1.09% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
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 83.33 points at the first support level, and at 81.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 86.82, and for the 2nd resistance point, it is at 88.15.
Ratios To Look Out For
It’s worth pointing out that Texas Capital Bancshares, Inc [NASDAQ:TCBI]’s Current Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 2.09, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 487.07.
Transactions by insiders
Recent insider trading involved STALLINGS ROBERT W, Director, that happened on Oct 22 ’24 when 20000.0 shares were purchased. Director, STALLINGS ROBERT W completed a deal on Sep 10 ’24 to buy 1187.0 shares. Meanwhile, Director STALLINGS ROBERT W bought 480.0 shares on Sep 10 ’24.
