Texas Capital Bancshares Inc. (TCBI) Jumps 7.08% on January 27

Equities Staff |

Texas Capital Bancshares Inc. (TCBI) was among the biggest gainers on the Russell 2000 for Wednesday January 27 as the stock popped 7.08% to $35.34, representing a gain of $2.335 per share. Some 1.34 million shares traded hands on 12,381 trades, compared with an average daily volume of 523,106 shares out of a total float of 45.84 million. The stock opened at $33.41 and traded with an intraday range of $36.61 to $33.15.

After today's gains, Texas Capital Bancshares Inc. reached a market cap of $1.62 billion. Texas Capital Bancshares Inc. has had a trading range between $63.70 and $32.20 over the last year, and it had a 50-day SMA of $49.74 and a 200-day SMA of $54.13.

The stock has a P/E Ratio of 11.3.

Texas Capital Bancshares Inc is a registered bank holding company and a financial holding company. It provides commercial banking services to its customers in Texas.

Texas Capital Bancshares Inc. is based out of Dallas, TX and has some 1,142 employees. Its CEO is C. Keith Cargill.

For a complete fundamental analysis analysis of Texas Capital Bancshares Inc., check out Equities.com’s Stock Valuation Analysis report for TCBI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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