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After finishing at $85.90 in the prior trading day, Texas Capital Bancshares, Inc (NASDAQ: TCBI) closed at $83.90, down -2.33%. In other words, the price has decreased by -$2.33 from its previous closing price. On the day, 0.61 million shares were traded. TCBI stock price reached its highest trading level at $85.44 during the session, while it also had its lowest trading level at $83.76.
Ratios:
Our goal is to gain a better understanding of TCBI by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.20.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Hovde Group on October 18, 2024, Reiterated its Market Perform rating but revised its target price to $79 from $73 previously.
On October 18, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also upped its target price recommendation from $77 to $82.
Hovde Group reiterated its Market Perform rating for the stock on September 23, 2024, while the target price for the stock was revised from $66 to $73.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 22 ’24 when STALLINGS ROBERT W bought 20,000 shares for $21.28 per share. The transaction valued at 425,600 led to the insider holds 84,587 shares of the business.
STALLINGS ROBERT W bought 1,187 shares of TCBI for $24,678 on Sep 10 ’24. The Director now owns 175,893 shares after completing the transaction at $20.79 per share. On Sep 10 ’24, another insider, STALLINGS ROBERT W, who serves as the Director of the company, bought 480 shares for $20.86 each. As a result, the insider paid 10,013 and bolstered with 64,587 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TCBI now has a Market Capitalization of 3877161728 and an Enterprise Value of 1813923200. As of this moment, Texas’s Price-to-Earnings (P/E) ratio for their current fiscal year is 478.06, and their Forward P/E ratio for the next fiscal year is 14.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 18.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.05 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 2.195.
Stock Price History:
Over the past 52 weeks, TCBI has reached a high of $91.29, while it has fallen to a 52-week low of $53.16. The 50-Day Moving Average of the stock is 9.09%, while the 200-Day Moving Average is calculated to be 29.43%.
Shares Statistics:
The stock has traded on average 455.95K shares per day over the past 3-months and 517630 shares per day over the last 10 days, according to various share statistics. A total of 47.24M shares are outstanding, with a floating share count of 45.07M. Insiders hold about 2.46% of the company’s shares, while institutions hold 96.39% stake in the company. Shares short for TCBI as of 1730332800 were 1229011 with a Short Ratio of 2.70, compared to 1727654400 on 1450480. Therefore, it implies a Short% of Shares Outstanding of 1229011 and a Short% of Float of 3.55.
