Texas Capital Bancshares, Inc (NASDAQ:TCBI) shares traded -1.63% lower at $81.02 on Wall Street last session.
TCBI stock price is now 0.73% away from the 50-day moving average and 13.72% away from the 200-day moving average. The market capitalization of the company currently stands at $3.73B.
With the price target enhanced from $73 to $79, Hovde Group maintained Market Perform rating for Texas Capital Bancshares, Inc (NASDAQ: TCBI). On October 18, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $77 to quote $82, while ‘Hovde Group’ rates the stock as ‘Market Perform’
In other news, STALLINGS ROBERT W, Director bought 7,000 shares of the company’s stock on Feb 06 ’25. The stock was bought for $149,240 at an average price of $21.32. Upon completion of the transaction, the Director now directly owns 215,413 shares in the company, valued at $17.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 04 ’25, Director STALLINGS ROBERT W bought 7,000 shares of the business’s stock. A total of $147,700 was incurred on buying the stock at an average price of $21.10. This leaves the insider owning 202,413 shares of the company worth $16.4 million. A total of 2.49% of the company’s stock is owned by insiders.
During the past 12 months, Texas Capital Bancshares, Inc has had a low of $54.68 and a high of $91.80. According to the stock market information, the enterprise value for the company is $2715720448, which is based on a 63.67 price-to-earnings ratio, a 0.78 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for TCBI is $80.4332 and a two-hundred day moving average price translates $71.245 for the stock.
The latest earnings results from Texas Capital Bancshares, Inc (NASDAQ: TCBI) was released for 2024-12-31. The net profit margin was 3.12% and return on equity was 2.36% for TCBI. The company reported revenue of $437.57 million for the quarter, compared to $417.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.91 percent.
