Texas Capital Bancshares Inc (NASDAQ: TCBI) has reported a loss for its third fiscal quarter (ending September 30) of $-1.42 versus $1.19 for the same period a year ago — a decline of -219%. This result fell short of the consensus estimate of $0.95 by $-2.37. For the latest four quarters through September 30, E.P.S. were $0.19 versus $7.52 for the same period a year ago — a decline of -97%.
Recent Price Action
On 10/17/24, Texas Capital Bancshares Inc (NASDAQ: TCBI) stock enjoyed a large increase of 2.7%, closing at $80.54. Moreover, exceptionally high trading volume at 213% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 8.4% during the last week.
Current PriceTarget Research Rating
TCBI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Texas Capital Bancshares has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Texas Capital Bancshares has a slightly positive Appreciation Score of 69 and a very high Power Rating of 86, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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