Texas Capital Bancshares Inc. (NASDAQ:TCBI) shares fell to a low of $65.725 before closing at $68.07. Intraday shares traded counted 0.53 million, which was 52.87% higher than its 30-day average trading volume of 1.12M. TCBI’s previous close was $66.06 while the outstanding shares total 50.51M. The firm has a beta of 1.84, a 12-month trailing P/E ratio of 24.16, and a growth ratio of 3.02. The stock’s Relative Strength Index (RSI) is 47.54, with weekly volatility at 3.34% and ATR at 2.35. The TCBI stock’s 52-week price range has touched low of $24.79 and a $93.26 high. The stock traded higher over the last trading session, gaining 3.04% on 05/26/21.
Investors have identified the Banks – Regional company Texas Capital Bancshares Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.42 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Texas Capital Bancshares Inc. (TCBI) Fundamentals that are to be considered.
TCBI were able to record 197.51 million as free cash flow during the 07/21/2021 quarter of the year, this saw their quarterly net cash flow reduce by 2.22 billion. In cash movements, the company had a total of 198.43 million as operating cash flow.
Potential earnings growth for Texas Capital Bancshares Inc. (TCBI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/21/2021 quarter of the year, Texas Capital Bancshares Inc. recorded a total of 228.41 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -33.97% coming in sequential stages and their sales for the 07/21/2021 quarter reducing by -11.71%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 28.34 million trying to sell their products during the last quarter, with the result yielding a gross income of 200.07 million. This allows shareholders to hold on to 50.51M with the recently reported earning now reading 1.35 cents per share. This is a figure that compared to analyst’s prediction for their 07/21/2021 (1.33 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.41 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TCBI sounds very interesting.
Is the stock of TCBI attractive?
In related news, Director, STALLINGS ROBERT W bought 5,000 shares of the company’s stock in a transaction that recorded on Apr 23. The purchase was performed at an average price of 64.98, for a total value of 324,900. As the purchase deal closes, the Director, Ragusa Elysia Holt now bought 10,077 shares of the company’s stock, valued at 249,406. Also, Director, STALLINGS ROBERT W bought 4,000 shares of the company’s stock in a deal that was recorded on Nov 10. The shares were cost at an average price of 52.65 per share, with a total market value of 210,600. Following this completion of disposal, the Director, STALLINGS ROBERT W now holds 1,000 shares of the company’s stock, valued at 44,230. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
4 out of 14 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on Texas Capital Bancshares Inc.. 1 analysts has assigned a Sell rating on the TCBI stock. The 12-month mean consensus price target for the company’s shares has been set at $75.29.