Alert: Positive Investment/Fundamental Signals (12/14/23)-Texas Capital Bancshares Inc (NASDAQ: TCBI)


Extremely important positive changes in investment behavior have recently occurred for Texas Capital Bancshares Inc (NASDAQ: TCBI): the stock rose on very heavy volume, and its shorter term price trend turned up.

Significant positive changes in fundamentals have recently occurred for Texas Capital Bancshares Inc (NASDAQ: TCBI): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

TCBI’s future returns on capital are forecasted to be above 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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Texas Capital Bancshares has a neutral Appreciation Score of 60 but a good Power Rating of 79, resulting in the Positive Value Trend Rating.

Recent Price Action

Texas Capital Bancshares Inc (NASDAQ: TCBI) stock closed at $62.71 on 12/14/23 after a large increase of 4.6%. Moreover, trading volume in this advance was exceptionally high at 264% of normal. The stock has risen 11.1% during the last week and has been exceptionally strong relative to the market over the last nine months.

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