A new trading day began on Monday, with Texas Capital Bancshares, Inc. (NASDAQ: TCBI) stock price down -3.09% from the previous day of trading, before settling in for the closing price of $68.35. TCBI’s price has ranged from $52.89 to $72.07 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 10.03% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -8.55%. With a float of $45.07 million, this company’s outstanding shares have now reached $47.24 million.
In an organization with 1987 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 86.75%, operating margin of 12.59%, and the pretax margin is 12.51%.
Texas Capital Bancshares, Inc. (TCBI) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Texas Capital Bancshares, Inc. is 2.44%, while institutional ownership is 98.90%. The most recent insider transaction that took place on Aug 23 ’24, was worth 202,000. In this transaction Director of this company bought 10,000 shares at a rate of $20.20, taking the stock ownership to the 40,000 shares. Before that another transaction happened on Aug 22 ’24, when Company’s Director bought 10,000 for $20.13, making the entire transaction worth $201,300. This insider now owns 30,000 shares in total.
Texas Capital Bancshares, Inc. (TCBI) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.18 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.99 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to -9.39% drop over the previous five years of trading.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) Trading Performance Indicators
Here are Texas Capital Bancshares, Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.66. Likewise, its price to free cash flow for the trailing twelve months is 8.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.77, a number that is poised to hit 0.95 in the next quarter and is forecasted to reach 4.00 in one year’s time.
Technical Analysis of Texas Capital Bancshares, Inc. (TCBI)
Let’s dig in a bit further. During the last 5-days, its volume was 0.5 million. That was better than the volume of 0.42 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 88.71%. Additionally, its Average True Range was 2.29.
During the past 100 days, Texas Capital Bancshares, Inc.’s (TCBI) raw stochastic average was set at 66.47%, which indicates a significant decrease from 73.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.18% in the past 14 days, which was higher than the 32.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $62.33, while its 200-day Moving Average is $60.20. However, in the short run, Texas Capital Bancshares, Inc.’s stock first resistance to watch stands at $68.25. Second resistance stands at $70.26. The third major resistance level sits at $71.29. If the price goes on to break the first support level at $65.21, it is likely to go to the next support level at $64.18. Assuming the price breaks the second support level, the third support level stands at $62.17.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) Key Stats
With a market capitalization of 3.06 billion, the company has a total of 46,653K Shares Outstanding. Currently, annual sales are 1,791 M while annual income is 189,140 K. The company’s previous quarter sales were 472,490 K while its latest quarter income was 41,660 K.
