Texas Capital Bancshares Inc (NASDAQ: TCBI) has reported earnings for its first fiscal quarter (ending March 31) of $0.46 versus $0.70 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $3.32 versus $6.31 for the same period a year ago.
Recent Price Action
On 4/18/24, Texas Capital Bancshares Inc (NASDAQ: TCBI) stock rose slightly by 0.1%, closing at $55.98. Moreover, this advance was accompanied by above average trading volume at 129% of normal. The stock has performed in line with the market over the last nine months and has declined -2.0% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Texas Capital Bancshares has a slightly positive Power Rating of 63 and a good Appreciation Score of 77, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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