Texas Capital Bancshares, Inc.’s recent filing unveils that its Director STALLINGS ROBERT W acquired Company’s shares for reported $0.17 million on Jul 26 ’24. In the deal valued at $20.51 per share,8,500 shares were bought. As a result of this transaction, STALLINGS ROBERT W now holds 21,294 shares worth roughly $1.43 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, STALLINGS ROBERT W bought 4,000 shares, generating $82,480 in total proceeds. Upon buying the shares at $20.62, the Director now owns 12,794 shares.
Before that, STALLINGS ROBERT W bought 5,000 shares. Texas Capital Bancshares, Inc. shares valued at $102,650 were divested by the Director at a price of $20.53 per share. As a result of the transaction, STALLINGS ROBERT W now holds 8,794 shares, worth roughly $0.59 million.
Citigroup downgraded its Texas Capital Bancshares, Inc. [TCBI] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in mid April has reiterated a ‘”a Market perform”‘ rating for it. Raymond James also remained covering TCBI and has decreased its forecast on April 04, 2024 with a “Mkt perform” recommendation from previously “Strong buy” rating. Truist revised its rating on April 01, 2024. It rated TCBI as “a Hold” which previously was an “a Buy”.
Price Performance Review of TCBI
On Tuesday, Texas Capital Bancshares, Inc. [NASDAQ:TCBI] saw its stock jump 1.92% to $67.05. Over the last five days, the stock has lost -0.39%. Texas Capital Bancshares, Inc. shares have risen nearly 3.74% since the year began. Nevertheless, the stocks have risen 4.90% over the past one year. While a 52-week high of $72.07 was reached on 07/17/24, a 52-week low of $52.89 was recorded on 04/18/24. SMA at 50 days reached $61.40, while 200 days put it at $59.68. A total of 0.41 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For TCBI Stock
The 24-hour chart illustrates a support level at 66.08, which if violated will result in even more drops to 65.12. On the upside, there is a resistance level at 67.78. A further resistance level may holdings at 68.52. The Relative Strength Index (RSI) on the 14-day chart is 58.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.59%. Stochastics%K at 50.68% indicates the stock is a holding.
The most recent change occurred on March 08, 2024 when Barclays began covering the stock and recommended ‘”an Underweight”‘ rating along with a $47 price target.
