TCBI Stock Summary and Trading Ideas (Texas Capital Bancshares | NASDAQ:TCBI)

Texas Capital Bancshares Inc is a secured lender, with the majority of the loans held for investment, excluding mortgage finance loans and other national lines of business. The company's national lines of business provide specialized lending products to businesses throughout the United States. The bank operates in Texas' main metropolitan areas, like Austin, Dallas, Fort Worth, Houston, and San Antonio.

Texas Capital Bancshares trades on the NASDAQ stock market under the symbol TCBI.

As of April 24, 2024, TCBI stock price declined to $60.12 with 292,151 million shares trading.

TCBI has a beta of 1.19, meaning it tends to be more sensitive to market movements. TCBI has a correlation of 0.21 to the broad based SPY ETF.

TCBI has a market cap of $2.80 billion. This is considered a Mid Cap stock.

Last quarter Texas Capital Bancshares reported $256 million in Revenue and $.62 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.02.

In the last 3 years, TCBI stock traded as high as $71.68 and as low as $42.79.

The top ETF exchange traded funds that TCBI belongs to (by Net Assets): VTI, IJH, VB, IWM, VBR.

TCBI has underperformed the market in the last year with a return of +17.6%, while the SPY ETF gained +24.1%. In the last 3 month period, TCBI fell short of the market, returning -4.5%, while SPY returned +4.5%. However, in the most recent 2 weeks TCBI has outperformed the stock market by returning +5.2%, while SPY returned -1.7%.

TCBI support price is $59.05 and resistance is $61.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TCBI stock will trade within this expected range on the day.