|Bid||63.00 x 8100|
|Ask||64.00 x 7800|
|Day's Range||63.00 - 63.00|
|52 Week Range||46.00 - 64.50|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||19.03|
|Earnings Date||Oct 18, 2022 - Oct 24, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 03, 2016|
|1y Target Est||71.31|
Texas Capital Bancshares, Inc. ( NASDAQ:TCBI ) shareholders should be happy to see the share price up 21% in the last...
Truist Financial (TFC) further strengthens its insurance business with a deal to acquire BankDirect for $3.4 billion in cash from Texas Capital (TCBI).
Texas Capital Bancshares Inc said on Tuesday it had agreed to sell its insurance premium finance unit to Truist Financial Corp for $3.4 billion, in a bid to re-focus on its core businesses and manage expenses. The unit, BankDirect Capital Finance, will operate as a division of AFCO Credit Corporation, Truist's insurance premium finance business in the United States. Dallas-based Texas Capital, which is the parent firm of Texas Capital Bank, said it would streamline operations and deploy resources to its core businesses.