Texas Capital Bancshares, Inc’s recently made public that its Director STALLINGS ROBERT W acquired Company’s shares for reported $0.43 million on Oct 22 ’24. In the deal valued at $21.28 per share,20,000 shares were bought. As a result of this transaction, STALLINGS ROBERT W now holds 84,587 shares worth roughly $7.44 million.
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Then, STALLINGS ROBERT W bought 1,187 shares, generating $24,678 in total proceeds. Upon buying the shares at $20.79, the Director now owns 175,893 shares.
Before that, STALLINGS ROBERT W bought 480 shares. Texas Capital Bancshares, Inc shares valued at $10,013 were divested by the Director at a price of $20.86 per share. As a result of the transaction, STALLINGS ROBERT W now holds 64,587 shares, worth roughly $5.68 million.
Hovde Group reiterated its Texas Capital Bancshares, Inc [TCBI] rating to a Market perform in a research note published on October 18, 2024; the price target was $79. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid October from “an Overweight” to “a Neutral”. Hovde Group also remained covering TCBI and reiterated its “Market perform” recommendation on September 23, 2024. Raymond James revised its rating on September 17, 2024. It rated TCBI as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of TCBI
On Monday, Texas Capital Bancshares, Inc [NASDAQ:TCBI] saw its stock jump 4.60% to $87.96. Over the last five days, the stock has gained 15.80%. Texas Capital Bancshares, Inc shares have risen nearly 36.10% since the year began. Nevertheless, the stocks have risen 60.01% over the past one year. While a 52-week high of $86.00 was reached on 11/11/24, a 52-week low of $53.16 was recorded on 04/18/24. SMA at 50 days reached $74.08, while 200 days put it at $63.91.
Levels Of Support And Resistance For TCBI Stock
The 24-hour chart illustrates a support level at 85.82, which if violated will result in even more drops to 83.68. On the upside, there is a resistance level at 89.43. A further resistance level may holdings at 90.90. The Relative Strength Index (RSI) on the 14-day chart is 73.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.82%. Stochastics %K at 83.08% 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 2024-10-15, dropping by -0.33 million shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.87 million shares. There was a decline of -21.14%, which implies that there is a negative sentiment for the stock.
