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

Thrivent Financial for Lutherans lifted its stake in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 15.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,242 shares of the bank’s stock after purchasing an additional 5,867 shares during the period. Thrivent Financial for Lutherans’ holdings in Texas Capital Bancshares were worth $3,740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. raised its holdings in Texas Capital Bancshares by 153.7% during the 3rd quarter. Federated Hermes Inc. now owns 123,900 shares of the bank’s stock worth $10,473,000 after purchasing an additional 75,061 shares during the last quarter. CWM LLC grew its position in shares of Texas Capital Bancshares by 145.1% during the 3rd quarter. CWM LLC now owns 21,909 shares of the bank’s stock worth $1,852,000 after buying an additional 12,971 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Texas Capital Bancshares during the third quarter worth approximately $884,000. Voya Investment Management LLC lifted its holdings in Texas Capital Bancshares by 297.9% in the third quarter. Voya Investment Management LLC now owns 49,679 shares of the bank’s stock valued at $4,199,000 after buying an additional 37,195 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Texas Capital Bancshares by 7.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,794 shares of the bank’s stock valued at $936,000 after acquiring an additional 795 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.

Insider Buying and Selling at Texas Capital Bancshares

In other news, Director Robert W. Stallings bought 2,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were acquired at an average cost of $20.91 per share, for a total transaction of $41,820.00. Following the completion of the acquisition, the director owned 277,913 shares in the company, valued at approximately $5,811,160.83. This represents a 0.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Laura L. Whitley purchased 500 shares of the stock in a transaction on Monday, January 26th. The shares were acquired at an average cost of $97.51 per share, for a total transaction of $48,755.00. Following the transaction, the director owned 7,961 shares of the company’s stock, valued at approximately $776,277.11. The trade was a 6.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 3,000 shares of company stock valued at $139,355 over the last three months. 1.72% of the stock is owned by company insiders.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI opened at $104.47 on Friday. Texas Capital Bancshares, Inc. has a 52-week low of $59.37 and a 52-week high of $108.92. The company has a market cap of $4.77 billion, a P/E ratio of 15.36, a P/E/G ratio of 0.50 and a beta of 0.68. 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 stock’s 50-day simple moving average is $96.26 and its 200 day simple moving average is $88.94.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.30. The firm had revenue of $327.48 million during the quarter, compared to the consensus estimate of $324.09 million. Texas Capital Bancshares had a return on equity of 10.05% and a net margin of 16.52%.During the same period last year, the company earned $1.43 earnings per share. As a group, sell-side analysts forecast that Texas Capital Bancshares, Inc. will post 5.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on TCBI shares. Piper Sandler upped their target price on shares of Texas Capital Bancshares from $86.00 to $96.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. upped their price objective on Texas Capital Bancshares from $92.00 to $105.00 and gave the company an “underweight” rating in a report on Tuesday, December 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Texas Capital Bancshares in a report on Wednesday, January 28th. Stephens boosted 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. Finally, Zacks Research upgraded shares of Texas Capital Bancshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $101.17.

About Texas Capital Bancshares

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.