At the time of writing, Texas Capital Bancshares, Inc [TCBI] stock is trading at $87.96, up 4.60%. 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 15.80% over the last week, with a monthly amount glided 16.06%, 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 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.
For the past year, the stock price of Texas Capital Bancshares, Inc fluctuated between $53.16 and $86.00. 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 $87.96 at the most recent close of the market. An investor can expect a potential drop of -13.37% based on the average TCBI price forecast.
Analyzing the TCBI fundamentals
According to Texas Capital Bancshares, Inc [NASDAQ:TCBI], the company’s sales were 1.89B for trailing twelve months, which represents an 8.70% jump. 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 85.82 points at the first support level, and at 83.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.43, and for the 2nd resistance point, it is at 90.90.
Ratios To Look Out For
It is important to note that Texas Capital Bancshares, Inc [NASDAQ:TCBI] has a current ratio of 0.43. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 501.20.
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.
