Texas Capital Bancshares Stock Price on March 31, 2024
| TCBI Stock | USD 57.40 0.67 1.15% |
Below is the normalized historical share price chart for Texas Capital Bancshares extending back to August 13, 2003. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Texas Capital stands at 57.40, as last reported on the 1st of May, with the highest price reaching 58.09 and the lowest price hitting 57.30 during the day.
If you're considering investing in Texas Stock, it is important to understand the factors that can impact its price. Texas Capital Bancshares owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0367, which indicates the firm had a -0.0367% return per unit of risk over the last 3 months. Texas Capital Bancshares exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Texas Capital's Variance of 3.66, risk adjusted performance of (0.02), and Coefficient Of Variation of (2,056) to confirm the risk estimate we provide.
As of now, Texas Capital's Total Stockholder Equity is increasing as compared to previous years. The Texas Capital's current Preferred Stock Total Equity is estimated to increase to about 362.2 M, while Common Stock Total Equity is projected to decrease to under 385.5 K. . As of now, Texas Capital's Price To Book Ratio is decreasing as compared to previous years. The Texas Capital's current Price Cash Flow Ratio is estimated to increase to 8.73, while Price To Sales Ratio is projected to decrease to 2.74. Texas Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 14th of August 2003 | 200 Day MA 59.6141 | 50 Day MA 58.8248 | Beta 1.171 |
Texas |
Sharpe Ratio = -0.0367
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | TCBI |
Estimated Market Risk
| 1.84 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.07 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.04 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Texas Capital is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Texas Capital by adding Texas Capital to a well-diversified portfolio.
Price Book 0.9255 | Price Sales 2.6717 | Shares Float 45.9 M | Wall Street Target Price 63.04 | Earnings Share 3.3 |
Related Headline
Heritage Financial Headline on 28th of March 2024
Disposition of 530 shares by Henning Thomas J of Heritage Fi... by Henning Thomas J
Filed transaction by Heritage Financial Officer Evp Chief Risk Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3
Texas Capital Valuation on March 31, 2024
It is possible to determine the worth of Texas Capital on a given historical date. On March 31, 2024 Texas was worth 60.61 at the beginning of the trading date compared to the closed value of 61.55. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Texas Capital stock. Still, in general, we apply an absolute valuation method to find Texas Capital's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Texas Capital where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Texas Capital's related companies.
| Open | High | Low | Close | Volume | |
| 58.96 | 60.87 | 58.96 | 60.77 | 405,540 | |
03/28/2024 | 60.61 | 61.70 | 60.57 | 61.55 | 467,071 |
| 60.63 | 61.26 | 59.52 | 59.59 | 521,225 |
| Backtest Texas Capital | | | Texas Capital History | | | Texas Capital Valuation | Previous | Next |
Texas Capital Trading Date Momentum on March 31, 2024
| On April 01 2024 Texas Capital Bancshares was traded for 59.59 at the closing time. The top price for the day was 61.26 and the lowest listed price was 59.52 . The trading volume for the day was 521.2 K. The trading history from April 1, 2024 was a factor to the next trading day price decrease. The trading price change against the next closing price was 3.18% . The trading price change against the current closing price is 5.22% . |
Texas Capital Bancshares Fundamentals Correlations and Trends
By evaluating Texas Capital's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Texas Capital's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Texas financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Texas Capital Stock history
Texas Capital investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Texas is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Texas Capital Bancshares will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Texas Capital stock prices may prove useful in developing a viable investing in Texas Capital
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 48.6 M | 39.3 M | |
| Net Income Applicable To Common Shares | 362.5 M | 380.6 M |
Texas Capital Stock Technical Analysis
Texas Capital technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Texas Capital Period Price Range
Low | March 28, 2024
| High |
60.61 | 61.55 |
Texas Capital May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Texas Capital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Texas Capital shares will generate the highest return on investment. By undertsting and applying Texas Capital stock market strength indicators, traders can identify Texas Capital Bancshares entry and exit signals to maximize returns
Texas Capital Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Texas Capital's price direction in advance. Along with the technical and fundamental analysis of Texas Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Texas to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.06) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Capital Bancshares. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Texas Capital Bancshares information on this page should be used as a complementary analysis to other Texas Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Texas Stock analysis
When running Texas Capital's price analysis, check to measure Texas Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Texas Capital is operating at the current time. Most of Texas Capital's value examination focuses on studying past and present price action to predict the probability of Texas Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Texas Capital's price. Additionally, you may evaluate how the addition of Texas Capital to your portfolios can decrease your overall portfolio volatility.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
Is Texas Capital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Texas Capital. If investors know Texas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Texas Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.34) | Earnings Share 3.3 | Revenue Per Share 20.836 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0061 |
The market value of Texas Capital Bancshares is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Capital's value that differs from its market value or its book value, called intrinsic value, which is Texas Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Texas Capital's market value can be influenced by many factors that don't directly affect Texas Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Texas Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Capital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.