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 $2.73 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 $4.37 million.
BofA Securities upgraded its Texas Capital Bancshares, Inc. [TCBI] rating to a Buy from a an Underperform in a research note published on September 09, 2024; the price target was increased to $77 from $51. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in late July from “a Neutral” to “a Sell”. Hovde Group also remained covering TCBI and reiterated its “Market perform” recommendation on April 19, 2024. Raymond James revised its rating on April 04, 2024. It rated TCBI as “a Mkt perform” which previously was an “a Strong buy”.
Price Performance Review of TCBI
On Tuesday, Texas Capital Bancshares, Inc. [NASDAQ:TCBI] saw its stock jump 0.26% to $68.15. Over the last five days, the stock has gained 3.10%. Texas Capital Bancshares, Inc. shares have risen nearly 5.45% since the year began. Nevertheless, the stocks have risen 9.35% 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 $63.92, while 200 days put it at $60.77.
Levels Of Support And Resistance For TCBI Stock
The 24-hour chart illustrates a support level at 66.84, which if violated will result in even more drops to 65.53. On the upside, there is a resistance level at 68.89. A further resistance level may holdings at 69.63. The Relative Strength Index (RSI) on the 14-day chart is 61.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.48%. Stochastics %K at 75.58% indicates the stock is a holding.
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 2024-08-15, growing by 0.3 million shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.18 million shares. There was a rise of 20.35%, which implies that there is a positive sentiment for the stock.
