The price of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) shares last traded on Wall Street rose 1.57% to $54.29.
Based on available information, 14 analysts follow Texas Capital Bancshares, Inc. (NASDAQ:TCBI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $71.00 and a low of $49.00, we find $61.50. Given the previous closing price of $53.45, this indicates a potential upside of 15.06 percent. TCBI stock price is now -5.22% away from the 50-day moving average and -3.74% away from the 200-day moving average. The market capitalization of the company currently stands at $2.61B.
Among analysts, 6 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $61.89 as their price target over the next twelve months.
With the price target of $51, UBS recently initiated with Sell rating for Texas Capital Bancshares, Inc. (NASDAQ: TCBI).
In other news, STALLINGS ROBERT W, Director sold 7,000 shares of the company’s stock on Nov 20. The stock was sold for $378,980 at an average price of $54.14. Upon completion of the transaction, the Director now directly owns 281,000 shares in the company, valued at $15.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, Director STALLINGS ROBERT W bought 3,000 shares of the business’s stock. A total of $165,210 was incurred on buying the stock at an average price of $55.07. This leaves the insider owning 288,000 shares of the company worth $15.64 million. Insiders disposed of 22,242 shares of company stock worth roughly $1.21 million over the past 1 year. A total of 1.57% of the company’s stock is owned by insiders.
A candlestick chart of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) showed a price of $54.11 on Wednesday morning. During the past 12 months, Texas Capital Bancshares, Inc. has had a low of $42.79 and a high of $69.26. The fifty day moving average price for TCBI is $57.28 and a two-hundred day moving average price translates $56.40 for the stock.
The latest earnings results from Texas Capital Bancshares, Inc. (NASDAQ: TCBI) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $1.18, beating analysts’ expectations of $1.03 by 0.15. This compares to $0.74 EPS in the same period last year. The net profit margin was 21.17% and return on equity was 12.95% for TCBI. The company reported revenue of $425.77 million for the quarter, compared to $322.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.2 percent. For the current quarter, analysts expect TCBI to generate $262.37M in revenue.
Texas Capital Bancshares, Inc.(TCBI) Company Profile
Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking, consumer banking, investment banking, and wealth management services. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as information, wire transfer initiation, ACH initiation, account transfer, and service integration services; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial loans for general corporate purposes comprising financing working capital, internal growth, acquisitions, and business insurance premiums, as well as consumer loans; loans to exploration and production companies; mortgage finance loans; commercial real estate and residential homebuilder finance loans; first and second lien loans for the purpose of purchasing or constructing 1-4 family residential dwellings, as well as home equity revolving lines of credit and loans to purchase lots for future construction of 1-4 family residential dwellings; and real estate loans originated through a small business administration program, as well as equipment finance and leasing services, and letters of credit. In addition, it offers online and mobile banking, and debit and credit card services; escrow services; personal wealth management and trust services; and depositors American Airlines AAdvantage miles. It operates in Austin, Fort Worth, Dallas, Houston, and San Antonio metropolitan areas of Texas. Texas Capital Bancshares, Inc. was incorporated in 1996 and is headquartered in Dallas, Texas.
