KBC Group NV Has $110,000 Stock Holdings in Texas Capital Bancshares, Inc. $TCBI

KBC Group NV reduced its position in shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBI) by 36.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,383 shares of the bank’s stock after selling 789 shares during the quarter. KBC Group NV’s holdings in Texas Capital Bancshares were worth $110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in Texas Capital Bancshares in the second quarter valued at approximately $52,000. UMB Bank n.a. lifted its holdings in shares of Texas Capital Bancshares by 29.7% in the 2nd quarter. UMB Bank n.a. now owns 756 shares of the bank’s stock worth $60,000 after purchasing an additional 173 shares in the last quarter. State of Wyoming bought a new position in shares of Texas Capital Bancshares in the 1st quarter worth $70,000. GAMMA Investing LLC grew its position in Texas Capital Bancshares by 45.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,211 shares of the bank’s stock valued at $96,000 after purchasing an additional 380 shares during the period. Finally, Bayforest Capital Ltd increased its stake in Texas Capital Bancshares by 69.7% during the 1st quarter. Bayforest Capital Ltd now owns 2,309 shares of the bank’s stock valued at $172,000 after purchasing an additional 948 shares in the last quarter. Institutional investors own 96.88% of the company’s stock.

Analyst Upgrades and Downgrades

TCBI has been the topic of a number of recent research reports. Weiss Ratings raised shares of Texas Capital Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 31st. Keefe, Bruyette & Woods upped their target price on shares of Texas Capital Bancshares from $98.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Cowen began coverage on shares of Texas Capital Bancshares in a research report on Wednesday, September 24th. They issued a “hold” rating on the stock. TD Cowen upgraded Texas Capital Bancshares to a “hold” rating in a research note on Thursday, September 25th. Finally, Hovde Group boosted their price objective on Texas Capital Bancshares from $85.00 to $93.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.10.

Texas Capital Bancshares Stock Performance

TCBI stock opened at $87.95 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.19. The firm has a market cap of $4.01 billion, a PE ratio of 14.39, a P/E/G ratio of 0.63 and a beta of 0.82. The business has a 50 day moving average of $84.60 and a 200-day moving average of $82.16. Texas Capital Bancshares, Inc. has a 12-month low of $59.37 and a 12-month high of $94.61.

Texas Capital Bancshares (NASDAQ:TCBI) last posted its quarterly earnings data on Wednesday, October 22nd. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.41. The business had revenue of $340.35 million for the quarter, compared to analysts’ expectations of $327.13 million. Texas Capital Bancshares had a return on equity of 9.51% and a net margin of 15.14%.The business’s revenue was up 171.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.41) earnings per share. As a group, sell-side analysts expect that Texas Capital Bancshares, Inc. will post 5.84 earnings per share for the current year.

Insider Buying and Selling at Texas Capital Bancshares

In related news, Director Robert W. Stallings purchased 10,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average price of $20.61 per share, for a total transaction of $206,100.00. Following the completion of the transaction, the director owned 265,913 shares in the company, valued at $5,480,466.93. This represents a 3.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.72% of the company’s stock.

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.