Texas Capital Bancshares, Inc.’s filing revealed that its Director STALLINGS ROBERT W acquired Company’s shares for reported $0.2 million on Aug 23 ’24. In the deal valued at $20.20 per share,10,000 shares were bought. As a result of this transaction, STALLINGS ROBERT W now holds 40,000 shares worth roughly $2.65 million.
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Then, STALLINGS ROBERT W bought 10,000 shares, generating $201,300 in total proceeds. Upon buying the shares at $20.13, the Director now owns 30,000 shares.
Before that, STALLINGS ROBERT W bought 5,245 shares. Texas Capital Bancshares, Inc. shares valued at $105,792 were divested by the Director at a price of $20.17 per share. As a result of the transaction, STALLINGS ROBERT W now holds 64,107 shares, worth roughly $4.25 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 Monday, Texas Capital Bancshares, Inc. [NASDAQ:TCBI] saw its stock fall -3.09% to $66.24. Over the last five days, the stock has gained 5.83%. Texas Capital Bancshares, Inc. shares have risen nearly 2.49% since the year began. Nevertheless, the stocks have risen 9.56% 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 $62.33, while 200 days put it at $60.20.
Levels Of Support And Resistance For TCBI Stock
The 24-hour chart illustrates a support level at 65.21, which if violated will result in even more drops to 64.18. On the upside, there is a resistance level at 68.25. A further resistance level may holdings at 70.26. The Relative Strength Index (RSI) on the 14-day chart is 59.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.37%. Stochastics %K at 89.28% indicates the stock is a selling.
How much short interest is there in Texas Capital Bancshares, Inc.?
A steep rise in short interest was recorded in Texas Capital Bancshares, Inc. stocks on 2024-07-31, dropping by -0.16 million shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.57 million shares. There was a decline of -11.02%, which implies that there is a negative sentiment for the stock.
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.
