Thrivent Financial for Lutherans Has $3.74 Million Position in Texas Capital Bancshares, Inc. $TCBI

Thrivent Financial for Lutherans raised its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,242 shares of the bank’s stock after acquiring an additional 5,867 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of Texas Capital Bancshares worth $3,740,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TCBI. Cullen Frost Bankers Inc. acquired a new stake in shares of Texas Capital Bancshares in the 3rd quarter valued at $39,000. Ameritas Advisory Services LLC bought a new position in Texas Capital Bancshares during the second quarter valued at about $52,000. True Wealth Design LLC lifted its position in shares of Texas Capital Bancshares by 106.8% in the third quarter. True Wealth Design LLC now owns 643 shares of the bank’s stock worth $54,000 after buying an additional 332 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Texas Capital Bancshares by 452.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 746 shares of the bank’s stock worth $59,000 after acquiring an additional 611 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in shares of Texas Capital Bancshares during the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 96.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Stephens upped their target price on Texas Capital Bancshares from $111.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, January 23rd. Barclays upped their price objective on shares of Texas Capital Bancshares from $90.00 to $100.00 and gave the stock an “underweight” rating in a report on Friday, January 23rd. Citigroup lifted their target price on shares of Texas Capital Bancshares from $75.00 to $88.00 and gave the stock a “sell” rating in a report on Monday, January 26th. Piper Sandler increased their target price on Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Finally, Royal Bank Of Canada increased their price target on shares of Texas Capital Bancshares from $105.00 to $110.00 and gave the company a “sector perform” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Capital Bancshares currently has a consensus rating of “Hold” and a consensus price target of $101.17.

Texas Capital Bancshares Trading Up 0.9%

Shares of TCBI stock opened at $104.47 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average of $96.26 and a 200-day moving average of $88.94. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $108.92. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.50 and a beta of 0.68.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.30. The firm had revenue of $327.48 million during the quarter, compared to analyst estimates of $324.09 million. Texas Capital Bancshares had a net margin of 16.52% and a return on equity of 10.05%. During the same quarter in the prior year, the business posted $1.43 earnings per share. On average, equities research analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Activity at Texas Capital Bancshares

In related news, Director Laura L. Whitley purchased 500 shares of the stock in a transaction on Monday, January 26th. The shares were purchased at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the completion of the transaction, the director directly owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. The trade was a 6.70% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert W. Stallings acquired 2,000 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were bought at an average cost of $20.91 per share, with a total value of $41,820.00. Following the completion of the acquisition, the director owned 277,913 shares of the company’s stock, valued at approximately $5,811,160.83. This trade represents a 0.72% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 3,000 shares of company stock valued at $139,355 in the last 90 days. 1.72% of the stock is owned by corporate insiders.

Texas Capital Bancshares Profile

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.