Texas Capital Bancshares Inc. (NASDAQ:TCBI) changes shares on Friday trading session, with a change of 4.46% or $1.39 shares. The trading starts at $33.19 and closed at $31.15 throughout the day. The trading session low price was $31.41 and day high was $34.15 on Friday, June 12. After the session, the Financial sector daily volume shifted to 0.53 million while its average volume is 999.20K. In other hand, the TCBI market cap reached to $1.57B. While, its current target price is $32.54 according to WSJ.
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -9.36% and up 39.60% for month. Its quarterly performance was -2.69% below, while its half year performance is down -46.42%. TCBI yearly performance stood at negative -45.26% and fall -42.68% for year-to-date. Current recommendation for Texas Capital Bancshares Inc. is 3.00.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. TCBI EPS (TTM) for 12-month is 4.24. EPS for this year is 7.30%, while for the next year its value is 2.67. Sales growth for the current quarter is 0.96 while its EPS Q/Q reached -123.80%. It has an EPS of 16.60% up for past five years and for the next five years will be up 8.00%.
Let’s take a look on the analyst recommendations on TCBI for the current month and previous month. For the current month, 0 of 14 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 14 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $24.00-$40.00. Average target price for TCBI was reached at $31.77.
Vanguard Group, Inc. (The), Blackrock Inc. and Dimensional Fund Advisors LP are the top three holders in Texas Capital Bancshares Inc. (TCBI) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 4.74 million shares which valued 105.08 million. On Mar 30, 2020, Blackrock Inc. owned 4.38 million shares which valued at 97.05 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 2.45 million shares which valued at 54.34 million. In the end, Dimensional Fund Advisors LP have 4.86% shares outstanding of Texas Capital Bancshares Inc. (TCBI) on Mar 30, 2020. The insider ownership moved to 0.70% and institutional holding shifted to 94.40%.
The company posted an EPS (TTM) of 4.24. According to the most recent quarter report on (Jun 2020), 13 analysts estimated an average EPS of 0.26, while 1.5 EPS posted a year ago period. Analyst Estimated EPS for TCBI published in the report was -0.5-0.75 during the same period. Comparing with last year, the average estimated EPS was 1.5 which is higher than -0.38 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for TCBI fall -29.16% for period of 200 days. SMA for 50 days was 20.70% which is showing green signal, while SMA-20 was 9.00%. The moving average value for Texas Capital Bancshares Inc. (TCBI) is 41.14 and 28.62 for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in TCBI stock. On Oct 31, STALLINGS ROBERT W, Director, sold 391 trading shares at the cost of $53.62, which valued at 20965.0. On Oct 30, ROSENBERG STEVE, Director, sold 1,997 shares at the cost of $55.48, with total shares of 33,115.