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A Guide To The Risks Of Investing In Texas Capital Bancshares, Inc. (TCBI)

Texas Capital Bancshares, Inc.’s filing revealed that its Director STALLINGS ROBERT W acquired Company’s shares for reported $24678.0 on Sep 10 ’24. In the deal valued at $20.79 per share,1,187 shares were bought. As a result of this transaction, STALLINGS ROBERT W now holds 175,893 shares worth roughly $12.66 million.

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Then, STALLINGS ROBERT W bought 480 shares, generating $10,013 in total proceeds. Upon buying the shares at $20.86, the Director now owns 64,587 shares.

Before that, STALLINGS ROBERT W bought 10,000 shares. Texas Capital Bancshares, Inc. shares valued at $202,000 were divested by the Director at a price of $20.20 per share. As a result of the transaction, STALLINGS ROBERT W now holds 40,000 shares, worth roughly $2.88 million.

Raymond James upgraded its Texas Capital Bancshares, Inc. [TCBI] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early September from “an Underperform” to “a Buy”. Citigroup also remained covering TCBI and has decreased its forecast on July 22, 2024 with a “Sell” recommendation from previously “Neutral” rating. Hovde Group maintained its rating on April 19, 2024. It rated TCBI as “a Market perform”.

Price Performance Review of TCBI

On Friday, Texas Capital Bancshares, Inc. [NASDAQ:TCBI] saw its stock fall -2.57% to $72.00. Over the last five days, the stock has gained 2.67%. Texas Capital Bancshares, Inc. shares have risen nearly 11.40% since the year began. Nevertheless, the stocks have risen 18.85% over the past one year. While a 52-week high of $74.57 was reached on 09/19/24, a 52-week low of $52.89 was recorded on 04/18/24. SMA at 50 days reached $65.48, while 200 days put it at $61.40.

Levels Of Support And Resistance For TCBI Stock

The 24-hour chart illustrates a support level at 71.31, which if violated will result in even more drops to 70.63. On the upside, there is a resistance level at 73.14. A further resistance level may holdings at 74.29. The Relative Strength Index (RSI) on the 14-day chart is 65.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.31%. Stochastics %K at 81.34% 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 2024-08-30, growing by 0.35 million shares to a total of 1.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.41 million shares. There was a rise of 20.05%, which implies that there is a positive sentiment for the stock.

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