With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.46 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $85.59 whereas the lowest price it dropped to was $83.19. The 52-week range on TCBI shows that it touched its highest point at $91.29 and its lowest point at $53.16 during that stretch. It currently has a 1-year price target of $81.62. Beta for the stock currently stands at 1.13.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TCBI was down-trending over the past week, with a drop of -4.29%, but this was up by 9.85% over a month. Three-month performance surged to 24.48% while six-month performance rose 44.94%. The stock gained 59.18% in the past year, while it has gained 31.64% so far this year. A look at the trailing 12-month EPS for TCBI yields 0.18 with Next year EPS estimates of 5.64. For the next quarter, that number is 1.12. This implies an EPS growth rate of -72.67% for this year and 482.54% for next year. EPS is expected to grow by 25.38% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.39%.
Float and Shares Shorts:
At present, 47.24 million TCBI shares are outstanding with a float of 45.07 million shares on hand for trading. On 2024-10-31, short shares totaled 1.23 million, which was 266.00001 higher than short shares on 1727654400. In addition to Mr. Robert C. Holmes as the firm’s President, CEO & Director, Mr. J. Matthew Scurlock serves as its MD & CFO.
Institutional Ownership:
Through their ownership of 0.99396 of TCBI’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TCBI since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TCBI analysts setting a high price target of 92.0 and a low target of 60.0, the average target price over the next 12 months is 81.53846. Based on these targets, TCBI could surge 8.13% to reach the target high and fall by -29.48% to reach the target low. Reaching the average price target will result in a decline of -4.16% from current levels.
Analysts have provided yearly estimates in a range of $1.02563 being high and $0.92773 being low. For TCBI, this leads to a yearly average estimate of $0.96736. The surprise factor in the prior quarter was $0.86. Based on analyst estimates, the high estimate for the next quarter is $1.37 and the low estimate is $1.01. The average estimate for the next quarter is thus $1.11.
