Texas Capital Bancshares, Inc. : An appropriate purchase level
February 27, 2013 at 09:46 am EST
By
Share
BUY
Live
Entry price
Target
Stop-loss
Potential
$41.83
$0
$39.85
-100%
In the past few sessions, Texas Capital Bancshares have suffered from a sharp fall and is now coming back on significant support level.
From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show.
Nonetheless, recently, EPS estimates for the two coming years have been revised upward by analysts. This positive fact opens the way for a better evaluation of the security by investors.
Texas Capital Bancshares is in oversold situation because it is near to USD 41.4. This configuration gives credit to a potential technical rebound. Thus, the stock could find new energy and would rise towards the next USD 44.4 resistance.
So as to make the most of a potential technical rebound of Texas Capital Bancshares, it seems opportune to take a long position at the current price. A confirmation of this pattern would enable the security to reach the USD 44.4 resistance. Investors should not insist under USD 41.4 and are better to place a stop loss order under this threshold.
Texas Capital Bancshares, Inc. is a bank holding company. The Company, through its subsidiary Texas Capital Bank (the Bank), provides a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The Bank offers a full range of products and services, including commercial loans for general corporate purposes, including financing for working capital, organic growth, and acquisitions; real estate term and construction loans; mortgage warehouse lending; treasury management services, including online banking and debit and credit card services; investment banking and advisory services, and letters of credit. It also provides banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest and non-interest bearing checking accounts; savings accounts; secured and unsecured loans; online and mobile banking, and investment banking, and advisory services.
TEXAS CAPITAL BANCSHARES, INC. 
