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Analyzing Texas Capital Bancshares, Inc. (TCBI) After Recent Trading Activity

Texas Capital Bancshares, Inc.’s recent filing unveils that its Director STALLINGS ROBERT W acquired Company’s shares for reported $0.41 million on May 23 ’24. In the deal valued at $39.58 per share,10,369 shares were bought. As a result of this transaction, STALLINGS ROBERT W now holds 174,706 shares worth roughly $10.2 million.

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Then, STALLINGS ROBERT W bought 3,000 shares, generating $58,080 in total proceeds. Upon buying the shares at $19.36, the Director now owns 169,706 shares.

Before that, STALLINGS ROBERT W bought 3,000 shares. Texas Capital Bancshares, Inc. shares valued at $58,440 were divested by the Director at a price of $19.48 per share. As a result of the transaction, STALLINGS ROBERT W now holds 166,706 shares, worth roughly $9.73 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 Friday, Texas Capital Bancshares, Inc. [NASDAQ:TCBI] saw its stock jump 0.12% to $58.39. Over the last five days, the stock has gained 1.67%. Texas Capital Bancshares, Inc. shares have fallen nearly -9.65% since the year began. Nevertheless, the stocks have risen 11.97% over the past one year. While a 52-week high of $66.18 was reached on 01/02/24, a 52-week low of $48.41 was recorded on 04/18/24. SMA at 50 days reached $59.05, while 200 days put it at $59.17. A total of 0.76 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For TCBI Stock

The 24-hour chart illustrates a support level at 57.93, which if violated will result in even more drops to 57.47. On the upside, there is a resistance level at 58.75. A further resistance level may holdings at 59.11. The Relative Strength Index (RSI) on the 14-day chart is 48.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.38%. Stochastics %K at 40.39% indicates the stock is a holding.

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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