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home / news releases / TCBIO - Texas Capital Bancshares: BankDirect Divestiture Not Enough To Justify Steep Valuation Premium

TCBIO - Texas Capital Bancshares: BankDirect Divestiture Not Enough To Justify Steep Valuation Premium

Texas Capital Bancshares Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B

Summary

  • Texas Capital Bancshares has announced an all-cash divestiture of its BankDirect Capital Finance holding.
  • The deal not only fits well within the broader strategic plan but also enhances the earnings profile.
  • Yet, the hefty valuation premium is hard to justify based on the fundamentals, and investors may be better off waiting for a better entry point.

For further details see:

Texas Capital Bancshares: BankDirect Divestiture Not Enough To Justify Steep Valuation Premium
Stock Information
Company Name: Texas Capital Bancshares Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B
Stock Symbol: TCBIO
Market: NASDAQ
Website: texascapitalbank.com
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