Thrivent Financial for Lutherans Sells 64,132 Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI)

Thrivent Financial for Lutherans trimmed its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 32.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 130,586 shares of the bank’s stock after selling 64,132 shares during the period. Thrivent Financial for Lutherans’ holdings in Texas Capital Bancshares were worth $10,212,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Texas Capital Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,145,271 shares of the bank’s stock worth $81,856,000 after purchasing an additional 13,022 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Texas Capital Bancshares by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 1,123,221 shares of the bank’s stock worth $80,265,000 after purchasing an additional 150,301 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Texas Capital Bancshares by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 627,890 shares of the bank’s stock worth $49,101,000 after purchasing an additional 15,320 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Texas Capital Bancshares by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 572,539 shares of the bank’s stock worth $44,773,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Texas Capital Bancshares by 26.9% in the 4th quarter. Fisher Asset Management LLC now owns 339,716 shares of the bank’s stock worth $26,566,000 after purchasing an additional 72,109 shares in the last quarter. 96.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Robert W. Stallings bought 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average cost of $20.43 per share, with a total value of $143,010.00. Following the acquisition, the director now owns 49,500 shares in the company, valued at $1,011,285. This trade represents a 16.47 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have purchased 29,402 shares of company stock valued at $653,787. 1.72% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TCBI. JPMorgan Chase & Co. dropped their price target on Texas Capital Bancshares from $81.00 to $80.00 and set an “underweight” rating on the stock in a research report on Friday, January 24th. DA Davidson dropped their price target 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. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $95.00 price target (down from $100.00) on shares of Texas Capital Bancshares in a research report on Wednesday, January 29th. Barclays upped their price objective on Texas Capital Bancshares from $60.00 to $71.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Finally, StockNews.com upgraded Texas Capital Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Three equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $79.47.

Texas Capital Bancshares Price Performance

NASDAQ TCBI opened at $75.88 on Friday. The business’s fifty day moving average price is $78.25 and its 200-day moving average price is $78.36. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 59.28, a PEG ratio of 0.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares, Inc. has a 1-year low of $54.68 and a 1-year high of $91.80.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.36. Texas Capital Bancshares had a return on equity of 9.14% and a net margin of 3.99%. On average, equities analysts predict that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Texas Capital Bancshares 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.