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 $12.87 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 $2.93 million.
Hovde Group reiterated its Texas Capital Bancshares, Inc. [TCBI] rating to a Market perform in a research note published on September 23, 2024; the price target was $73. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid September from “a Mkt perform” to “an Outperform”. BofA Securities also remained covering TCBI and has increased its forecast on September 09, 2024 with a “Buy” recommendation from previously “an Underperform” rating. Citigroup revised its rating on July 22, 2024. It rated TCBI as “a Sell” which previously was an “a Neutral”.
Price Performance Review of TCBI
On Tuesday, Texas Capital Bancshares, Inc. [NASDAQ:TCBI] saw its stock jump 1.34% to $73.18. Over the last five days, the stock has gained 3.92%. Texas Capital Bancshares, Inc. shares have risen nearly 13.23% since the year began. Nevertheless, the stocks have risen 25.24% 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 $66.48, while 200 days put it at $62.08.
Levels Of Support And Resistance For TCBI Stock
The 24-hour chart illustrates a support level at 72.27, which if violated will result in even more drops to 71.36. On the upside, there is a resistance level at 73.96. A further resistance level may holdings at 74.74. The Relative Strength Index (RSI) on the 14-day chart is 64.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.78%. Stochastics %K at 62.45% 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 2024-09-13, growing by 0.39 million shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.48 million shares. There was a rise of 20.89%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 19, 2024 when Hovde Group resumed its ‘”a Market perform”‘ rating for the stock and retained the price target to $61.50.
