Faithward Advisors Buys Stake in Texas Capital Bancshares

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Faithward Advisors LLC purchased a new stake of 45,154 shares in Texas Capital Bancshares, Inc. (NASDAQ:TCBI) during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The new position is valued at approximately $3.8 million, making Faithward Advisors a 0.10% owner of the regional bank.

Why it matters

Texas Capital Bancshares is a prominent regional bank based in Dallas, Texas, serving middle-market companies, entrepreneurs, and high-net-worth individuals. The purchase by Faithward Advisors signals confidence in the bank's growth prospects and the firm's belief in the strength of the Texas economy and banking sector.

The details

According to the 13F filing, Faithward Advisors purchased the 45,154 shares of Texas Capital Bancshares during the third quarter. This new position represents approximately 0.10% ownership in the bank. Other large investors have also recently added to or reduced their stakes in the company, with several firms acquiring new positions or increasing their existing holdings.

• Faithward Advisors purchased the 45,154 shares of Texas Capital Bancshares during the third quarter.