In last trading session, Texas Capital Bancshares, Inc. (NASDAQ:TCBI) saw 1,349,300 shares changing hands with its beta currently measuring 2.19. Company’s recent per share price level of $31.42 trading at $1.2 or 4.13% at ring of the bell on the day assigns it a market valuation of $1.59 Billion. That closing price of TCBI’s stock is at a discount of -106.49% from its 52-week high price of $64.88 and is indicating a premium of 39.21% from its 52-week low price of $19.1. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 851.05 Million shares which gives us an average trading volume of 974.29 Million if we extend that period to 3-months.
Texas Capital Bancshares, Inc. (NASDAQ:TCBI) trade information
Upright in the green today for gaining 4.13%, in the last five days TCBI remained trading in the green while hitting it’s week-highest on Tuesday, Jun 23 when the stock touched $34.69- price level, adding 9.4% to its value on the day. Texas Capital Bancshares, Inc.’s shares saw a change of -44.65% in year-to-date performance and have moved -5.6% in past 5-day. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) showed a performance of 10.19% in past 30-days. Number of shares sold short was 2.22 Million shares which calculate 0 days to cover the short interests.
Texas Capital Bancshares, Inc. (TCBI) estimates and forecasts
Statistics highlight that Texas Capital Bancshares, Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -47.87% of value to its shares in past 6 months, showing an annual growth rate of -84.91% while that of industry is -25.2. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -82.7% in the current quarter and calculating -73.5% decline in the next quarter. This year revenue growth is estimated to drop -9.9% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $240.17 Million for the same. And 12 analysts are in estimates of company making revenue of $242.75 Million in the next quarter that will end in September 01, 2020. Company posted $267.92 Million and $266.99 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -10.4% while estimating it to be -9.1% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 16.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 7.3% while estimates for its earnings growth in next 5 years are of 8%
Texas Capital Bancshares, Inc. (NASDAQ:TCBI)’s Major holders
Insiders are in possession of 0.54% of company’s total shares while institution are holding 95.37% percent of that, with stock having share float percentage of 95.89%. Investors also watch the number of corporate investors in a company very closely, which is 329 institutions for Texas Capital Bancshares, Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at TCBI for having 4.74 Million shares of worth $105.08 Million. And as of March 30, 2020, it was holding 9.4% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 4.38 Million shares on March 30, 2020. The number of shares represents firm’s hold over 8.68% of outstanding shares, having a total worth of $97.05 Million.
On the other hand, Vanguard Total Stock Market Index Fund and Undiscovered Managers Behavioral Value Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 1485348 shares of worth $32.93 Million or 2.95% of the total outstanding shares. The later fund manager was in possession of 1.44 Million shares on March 30, 2020, making its stake of worth around $31.83 Million in the company or a holder of 2.85% of company’s stock.