Texas Capital Bancshares Inc (NASDAQ: TCBI). Important positive changes in investment behavior have recently occurred: the stock rose on very heavy volume.
Meaningful positive changes in Texas Capital Bancshares Inc (NASDAQ: TCBI) fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TCBI is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Texas Capital Bancshares has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Texas Capital Bancshares has a slightly positive Appreciation Score of 61 and a good Power Rating of 81, resulting in the Positive Value Trend Rating.
Recent Price Action
On 12/1/23, Texas Capital Bancshares Inc (NASDAQ: TCBI) stock enjoyed a large increase of 3.2%, closing at $56.63. Moreover, this advance was accompanied by exceptionally high trading volume at 209% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 4.3% during the last week.
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