Today’s Market Runner: Will Texas Capital Bancshares Inc Run Out of Steam Soon?

Today's Market Runner: Will Texas Capital Bancshares Inc Run Out of Steam Soon?

The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) reached all time high today, Nov, 24 and still has $78.36 target or 4.00% above today’s $75.35 share price. This indicates more upside for the $3.56 billion company. This technical setup was reported by Barchart.com. If the $78.36 PT is reached, the company will be worth $142.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock closed at $75.35 during the last session. It is down 67.18% since April 22, 2016 and is uptrending. It has outperformed by 61.78% the S&P500.

Analysts await Texas Capital Bancshares Inc (NASDAQ:TCBI) to report earnings on January, 18. They expect $0.90 EPS, up 28.57% or $0.20 from last year’s $0.7 per share. TCBI’s profit will be $42.52M for 20.93 P/E if the $0.90 EPS becomes a reality. After $0.87 actual EPS reported by Texas Capital Bancshares Inc for the previous quarter, Wall Street now forecasts 3.45% EPS growth.

Texas Capital Bancshares Inc (NASDAQ:TCBI) Ratings Coverage

Out of 16 analysts covering Texas Capital Bancshares Inc. (NASDAQ:TCBI), 4 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 25% are positive. Texas Capital Bancshares Inc. has been the topic of 34 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Wedbush initiated the stock with “Neutral” rating in Friday, October 7 report. The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) has “Neutral” rating given on Thursday, January 21 by Macquarie Research. Deutsche Bank downgraded the stock to “Hold” rating in Friday, November 11 report. As per Friday, July 1, the company rating was initiated by Compass Point. The firm has “Neutral” rating given on Monday, August 17 by Piper Jaffray. The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) earned “Outperform” rating by Raymond James on Thursday, July 21. On Friday, April 1 the stock rating was downgraded by Hovde Group to “Underperform”. The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) has “Equal-Weight” rating given on Friday, October 9 by Barclays Capital. The company was maintained on Monday, December 28 by Piper Jaffray. Compass Point downgraded Texas Capital Bancshares Inc (NASDAQ:TCBI) on Friday, November 18 to “Neutral” rating.

According to Zacks Investment Research, “Texas Capital Bancshares’ primary subsidiary is Texas Capital Bank, a commercial bank that delivers highly personalized financial services to Texas-based businesses and private client individuals. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston, Plano, and San Antonio.”

Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 0.06, from 1.31 in 2016Q1. The ratio dropped, as 14 funds sold all Texas Capital Bancshares Inc shares owned while 60 reduced positions. 31 funds bought stakes while 66 increased positions. They now own 46.34 million shares or 3.84% more from 44.63 million shares in 2016Q1.
Great West Life Assurance Can accumulated 0% or 4,284 shares. The Maryland-based Profund Advsr Lc has invested 0.02% in Texas Capital Bancshares Inc (NASDAQ:TCBI). California State Teachers Retirement Systems holds 96,873 shares or 0.01% of its portfolio. Moreover, Ameriprise Fin has 0.01% invested in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 339,539 shares. Ci Invs accumulated 1.30M shares or 1.66% of the stock. Metropolitan Life Ins Ny accumulated 0.01% or 33,193 shares. Raymond James Trust Na, a Florida-based fund reported 21,603 shares. Moreover, Hutchin Hill L P has 0.43% invested in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 274,786 shares. Clearbridge Invests, a New York-based fund reported 64,481 shares. Moreover, Panagora Asset has 0.03% invested in Texas Capital Bancshares Inc (NASDAQ:TCBI) for 110,185 shares. Fisher Asset Mngmt Limited Liability has 0.06% invested in the company for 710,212 shares. Millennium Ltd Liability Corporation has 0.06% invested in the company for 602,248 shares. Comml Bank Of Montreal Can holds 58,131 shares or 0% of its portfolio. Credit Suisse Ag, a Switzerland-based fund reported 88,647 shares. Advisory Ntwk Ltd Liability has 35 shares for 0% of their US portfolio.

Insider Transactions: Since September 1, 2016, the stock had 0 buys, and 2 insider sales for $204,929 net activity. Browning James H sold $131,375 worth of stock. $73,554 worth of Texas Capital Bancshares Inc (NASDAQ:TCBI) was sold by ROSENBERG STEVE on Wednesday, October 26.

Another recent and important Texas Capital Bancshares Inc (NASDAQ:TCBI) news was published by Nasdaq.com which published an article titled: “Texas Capital Bancshares Reaches Analyst Target Price” on November 10, 2016.

TCBI Company Profile

Texas Capital Bancshares, Inc., incorporated on November 20, 1996, is a bank holding and a financial holding company. The Firm is the parent of Texas Capital Bank, National Association (the Bank). The Firm offers a range of loans, deposit accounts and other financial services and products. The Firm offers commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; real estate term and construction loans; mortgage finance lending; equipment leasing; treasury management services; wealth management and trust services, and letters of credit. The Firm provides a range of banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest bearing and non-interest bearing checking accounts with optional features, such as Visa debit/ automatic teller machine (ATM) cards and overdraft protection; traditional money market and savings accounts; loans, both secured and unsecured, and Internet banking. The Bank offers over 10 banking centers, courier services and online banking. BankDirect, the Internet division of its bank, serves its clients round the clock through Internet banking. The Company’s wealth management and trust services include investment management, personal trust and estate services, custodial services, retirement accounts and related services. It also offers retirement products, such as individual retirement accounts and administrative services for retirement vehicles, such as pension and profit sharing plans.

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