Thrivent Financial for Lutherans Trims Stock Holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Thrivent Financial for Lutherans decreased its holdings in Texas Capital Bancshares, Inc. (NASDAQ:TCBI - Free Report) by 32.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 130,586 shares of the bank's stock after selling 64,132 shares during the period. Thrivent Financial for Lutherans owned approximately 0.28% of Texas Capital Bancshares worth $10,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Picton Mahoney Asset Management bought a new position in shares of Texas Capital Bancshares during the fourth quarter valued at about $30,000. Assetmark Inc. bought a new position in Texas Capital Bancshares during the 4th quarter worth approximately $32,000. Icon Wealth Advisors LLC purchased a new position in Texas Capital Bancshares in the 3rd quarter worth approximately $31,000. Venturi Wealth Management LLC bought a new stake in Texas Capital Bancshares in the fourth quarter valued at approximately $37,000. Finally, R Squared Ltd purchased a new stake in shares of Texas Capital Bancshares during the fourth quarter valued at approximately $41,000. Institutional investors own 96.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TCBI. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a report on Wednesday, January 29th. Barclays raised their target price on Texas Capital Bancshares from $60.00 to $71.00 and gave the stock an "underweight" rating in a research note on Thursday, December 5th. Stephens lowered their price target on Texas Capital Bancshares from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. DA Davidson cut their price objective on Texas Capital Bancshares from $90.00 to $87.00 and set a "neutral" rating on the stock in a research report on Friday, January 24th. Finally, StockNews.com upgraded Texas Capital Bancshares from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Texas Capital Bancshares currently has a consensus rating of "Hold" and an average target price of $79.47.

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Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI traded down $0.47 during trading on Wednesday, reaching $76.38. 310,512 shares of the company traded hands, compared to its average volume of 411,567. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.22. The firm's fifty day simple moving average is $78.32 and its 200 day simple moving average is $78.60. Texas Capital Bancshares, Inc. has a 12-month low of $54.68 and a 12-month high of $91.80. The stock has a market cap of $3.52 billion, a P/E ratio of 59.67, a PEG ratio of 0.75 and a beta of 1.13.

Texas Capital Bancshares (NASDAQ:TCBI - Get Free Report) last announced its earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a net margin of 3.99% and a return on equity of 9.14%. As a group, research analysts anticipate that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current fiscal year.

Insider Transactions at Texas Capital Bancshares

In other Texas Capital Bancshares news, Director Robert W. Stallings purchased 7,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $20.43 per share, with a total value of $143,010.00. Following the completion of the acquisition, the director now directly owns 49,500 shares of the company's stock, valued at $1,011,285. This trade represents a 16.47 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 29,402 shares of company stock worth $653,787 over the last ninety days. Company insiders own 1.72% of the company's stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.