Large Outflow of Money Witnessed in Texas Capital Bancshares, Inc.

Texas Capital Bancshares, Inc. (TCBI) surged 1.76% during the last session. The last traded price was up 1.45 points at $83.95. The data for the fund flow suggests that the net intraday money flow was $(-3.6) million. The fund value in upticks was recorded to be $8.55 million and in downticks, it was found to be $12.16 million. The up/down ratio for the day was measured to be 0.7. For the week, the shares have seen a percentage change of -0.24%.A block trade of $(-2.53) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0.84 million and that of downticks was $3.37 million. The block tradeoff had the up/down ratio of 0.25.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of Texas Capital Bancshares, Inc. rose by 5.94% in the last five trading days and 6.89% for the last 4 weeks. Texas Capital Bancshares, Inc. is up 41.32% in the last 3-month period. Year-to-Date the stock performance stands at 6.89%. Texas Capital Bancshares, Inc. (NASDAQ:TCBI) rose 1.58% or 1.3 points on Wednesday and made its way into the gainers of the day. After trading began at $83.7 the stock was seen hitting $85.5 as a peak level and $82.9 as the lowest level. The stock ended up at $83.8. The daily volume was measured at 720,164 shares. The 52-week high of the share price is $89.25 and the 52-week low is $29.78. The company has a market cap of $4,148 million.

Company has reported several Insider transactions to the SEC, on Dec 1, 2016, Steve Rosenberg (director) sold 15,000 shares at 66.66 per share price.On Sep 2, 2016, James H Browning (director) sold 2,500 shares at 52.55 per share price.On Feb 26, 2016, Patricia A Watson (director) purchased 40 shares at 31.79 per share price.

Texas Capital Bancshares Inc Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.07. Analyst had a consensus of $0.89.Analysts expectations of $ 184.01.During the same quarter in the previous year, the company posted $0.70 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Texas Capital Bancshares Inc was Upgraded by BofA/Merrill to Buy on Dec 15, 2016. Company shares were Reiterated by Wedbush on Nov 30, 2016 to Neutral, Raises Price Target to $ 70 from a previous price target of $67 .

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.


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