Technicals Say Texas Capital Bancshares Inc. (TCBI) Is Worth Holding


As of Wednesday close, Texas Capital Bancshares Inc.’s (NASDAQ:TCBI) stock was up $0.84, moving up 1.44 percent to $59.07. The average number of shares traded per day over the past five days has been 344,160 shares. 4 times new highs have been achieved over the past 5 days, with a $1.50 gain in that time frame. In the last twenty days, the average volume was 391,710, while in the previous 50 days, it was 459,806.

Since last month, TCBI stock rose 1.15%. Shares of the company fell to $55.61 on 11/17/22, the lowest level in the past month. A 52-week high of $71.60 was reached on 02/08/22 after having rallying from a 52-week low of $48.79. Since the beginning of this year, TCBI’s stock price has dropped by -1.96% or -$1.18, and marked a new high 10 times. However, the stock has declined by -17.50% since its 52-week high.

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TCBI stock investors should be aware that Texas Capital Bancshares Inc. (TCBI) stock had its last reported insider trading activity 20 days ago on Nov 04. STALLINGS ROBERT W, the Director of the company, purchased of 434 shares for $20.00 on Nov 04. It resulted in a $8,680 investment by the insider. STALLINGS ROBERT W added 126 shares at an average price of $19.90 on Nov 03. The insider now owns 8,566 shares following the transaction. On Oct 24, Chief Risk Officer Storms Timothy J bought 4,400 shares at $57.21 apiece. The transaction was valued at $251,724.

Valuation Metrics

Right now, Texas Capital Bancshares Inc. (TCBI) has a P/E ratio of about 18.46. The stock’s beta is 1.36. Besides these, the trailing price-to-sales (P/S) ratio of 3.00, the price-to-book (PB) ratio of 1.14, and the price-to-cash flow ratio of 9.35 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.36, and the total debt-to-equity ratio was 0.36. In the year ended September 29, operating margins totaled 79.20%. Based on annual data, TCBI earned $768.84 million in gross profit and brought in $876.59 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 17.80%. Return on equity (ROE) for the past 12 months was 5.90%.

In Texas Capital Bancshares Inc.’s quarter-end financial report for September 29, it reported total debt of $930.77 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Texas Capital Bancshares Inc. to report $1.01 quarterly earnings, the actual figure was $0.74 per share, beating the consensus estimate by -26.70%. The value of shareholders’ equity is $49.9 million.

Technical Picture

This quick technical analysis looks at Texas Capital Bancshares Inc.’s (TCBI) price momentum. With a historical volatility rate of 32.21%, the RSI 9-day stood at 53.28% on 23 November.

With respect to its five-day moving average, the current Texas Capital Bancshares Inc. price is up by +2.61% percent or $1.50. At present, TCBI shares trade -0.87% below its 20-day simple moving average and +10.54% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.67% below its SMA50 and -16.76% below its SMA200.

Stochastic coefficient K was 34.74% and Stochastic coefficient D was 22.06%, while ATR was 1.92. Given the Stochastic reading of 49.61% for the 14-day period, the RSI (14) reading has been calculated as 50.53%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.45.


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