Texas Stock Hits New 52-Week High (TCBI)

NEW YORK ( TheStreet) -- Texas Capital (Nasdaq: TCBI) hit a new 52-week high Friday as it is currently trading at $34.93, above its previous 52-week high of $34.91 with 47,037 shares traded as of 10:35 a.m. ET. Average volume has been 351,600 shares over the past 30 days.

Texas has a market cap of $1.2 billion and is part of the financial sector and banking industry. Shares are up 12.2% year to date as of the close of trading on Thursday.

Texas Capital Bancshares, Inc. operates as the holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial and high net worth customers in Texas. It primarily engages in generating deposits and originating loans. The company has a P/E ratio of 17, below the average banking industry P/E ratio of 19.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Texas as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Texas Ratings Report.

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