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Investing in Texas Capital Bancshares, Inc. (TCBI): What You Must Know

In a filing, Texas Capital Bancshares, Inc. revealed its Director STALLINGS ROBERT W acquired Company’s shares for reported $58500.0 on May 10 ’24. In the deal valued at $19.50 per share,3,000 shares were bought. As a result of this transaction, STALLINGS ROBERT W now holds 156,706 shares worth roughly $9.74 million.

Then, STALLINGS ROBERT W bought 3,000 shares, generating $59,100 in total proceeds. Upon buying the shares at $19.70, the Director now owns 153,706 shares.

Before that, Long Thomas E bought 2,000 shares. Texas Capital Bancshares, Inc. shares valued at $117,560 were divested by the Director at a price of $58.78 per share. As a result of the transaction, Long Thomas E now holds 7,542 shares, worth roughly $0.47 million.

Hovde Group reiterated its Texas Capital Bancshares, Inc. [TCBI] rating to a Market perform in a research note published on April 19, 2024; the price target was $61.50. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early April from “a Strong buy” to “a Mkt perform”. Truist also remained covering TCBI and has decreased its forecast on April 01, 2024 with a “Hold” recommendation from previously “Buy” rating. Barclays started covering the stock on March 08, 2024. It rated TCBI as “an Underweight”.

Price Performance Review of TCBI

On Tuesday, Texas Capital Bancshares, Inc. [NASDAQ:TCBI] saw its stock jump 1.12% to $62.18. Over the last five days, the stock has gained 2.40%. Texas Capital Bancshares, Inc. shares have fallen nearly -3.79% since the year began. Nevertheless, the stocks have risen 41.96% over the past one year. While a 52-week high of $66.18 was reached on 01/02/24, a 52-week low of $43.66 was recorded on 04/18/24. SMA at 50 days reached $59.28, while 200 days put it at $59.53. A total of 0.2 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For TCBI Stock

The 24-hour chart illustrates a support level at 61.53, which if violated will result in even more drops to 60.88. On the upside, there is a resistance level at 62.57. A further resistance level may holdings at 62.96. The Relative Strength Index (RSI) on the 14-day chart is 64.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.98%. Stochastics %K at 90.77% indicates the stock is a selling.

The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $57 price target.

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