Texas Capital Bancshares Launches its First Exchange Traded Fund, Allowing Global Investors to Take Advantage of the Texas Economy

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Texas Capital Bancshares ($NASDAQ:TCBI), Inc. is a publicly traded financial services company headquartered in Dallas, Texas. This week, they announced the launch of the Texas Equity Index ETF (TEX), the first exchange-traded fund that allows global investors to gain exposure to the Texas economy. The ETF will provide investors with access to a broad range of stock market sectors in the state of Texas, such as energy, real estate, technology, healthcare, and financial services. The fund is comprised of stocks of the largest publicly traded companies based in Texas, and its returns are linked to a benchmark index of the same securities.

The launch of TEX reflects the company’s commitment to providing comprehensive financial solutions for Texans and investors around the world. With this ETF, investors can now tap into the dynamic and diverse economy of the Lone Star State. This could be an attractive opportunity for those seeking to diversify their portfolios and gain access to a unique set of stocks.

Stock Price

Texas Capital Bancshares made history on Friday with the launch of their first ever Exchange Traded Fund (ETF), which allows global investors to access and benefit from the growth of the Texas economy. The ETF, which is traded under the ticker TXT, has been created to track the performance of certain public companies based in Texas. At the opening of trading on Friday, Texas Capital Bancshares stock was priced at $57.4, and closed the day at $56.5, down by 0.6% from the previous closing price of $56.8. This indicates that the launch of their ETF has not had any significant impact on the stock price.

The launch of their ETF is seen as an important step in allowing global investors to gain exposure to the Texas economy, which has been performing well in recent years. The inclusion of Texas companies in an ETF will help to diversify investments and provide investors with a way to benefit from the growth potential in Texas. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for TCBI. More…

Key Ratios Snapshot

Some of the financial key ratios for TCBI are shown below. More…

Analysis

At GoodWhale, we specialize in analyzing the financials of companies. After taking a look at TEXAS CAPITAL BANCSHARES, we used our Star Chart tool to evaluate its performance. According to the Star Chart, the company is strong in growth, asset, and medium in profitability, but weak in dividend. We believe this puts TEXAS CAPITAL BANCSHARES in the ‘cheetah’ category; companies that have achieved high revenue or earnings growth but are considered less stable due to lower profitability. We believe that its high health score of 9/10, considering its cashflows and debt, makes it a good candidate that is capable to sustain future operations even in times of crisis. More…

Peers

Texas Capital Bancshares Inc is one of the leading banking providers in Texas and is part of a highly competitive industry. It competes with other prominent companies such as Gouverneur Bancorp Inc, Simmons First National Corp and First Capital Inc, all of which offer a range of banking services.

– Gouverneur Bancorp Inc ($OTCPK:GOVB)

Gouverneur Bancorp Inc is a financial services holding company based in Gouverneur, New York. The company provides a broad range of banking, investment and insurance services to individuals, businesses and organizations throughout the state. As of 2022, Gouverneur Bancorp Inc has a market cap of 16.67M. This market cap reflects the total value of all the company’s outstanding stock. The size of the market cap indicates the relative size and importance of Gouverneur Bancorp Inc in the financial services industry.

– Simmons First National Corp ($NASDAQ:SFNC)

Simmons First National Corp is a publicly traded financial holding company with a market cap of 2.76 billion as of 2022. The company operates through subsidiaries in Arkansas, Missouri, and Kansas, providing banking, insurance and investment services to individuals and businesses. It also offers a wide range of loan products, including consumer loans, mortgage loans, commercial loans and home equity loans, as well as credit cards, deposits and wealth management services. Simmons First National Corp has a strong presence in the Midwest, where the majority of its customers are located.

– First Capital Inc ($NASDAQ:FCAP)

First Capital Inc is a financial and investment services company based in the United States. As of 2022, it has a market cap of 84.12M. Market capitalization is a metric used to measure the size of a publicly-traded company, which is calculated by multiplying the current stock price by the total number of outstanding shares. First Capital Inc provides a range of services such as asset management, capital markets, technology solutions, and banking services to its clients. It also offers services related to wealth management and insurance. The company has a strong presence in North America and Europe, with offices in major cities across the globe.

Summary

Texas Capital Bancshares recently launched its first Exchange Traded Fund (ETF), the Texas Capital Texas Equity Index ETF. The ETF provides investors with exposure to the Texas economy, with the underlying benchmark index comprised of equity securities of large- and mid-cap companies listed on U.S. exchanges and incorporated in Texas. The fund is designed to invest in companies with strong financials, stable management teams, and long-term growth potential.

Investors can benefit from diversification within the Texas market, while also taking advantage of the tax benefits associated with investing in a state-specific fund. Analysis of the fund’s performance should focus on the performance of the underlying index as well as macroeconomic factors impacting the Texas economy.