Texas Capital Bancshares (NASDAQ:TCBIO) Stock Price Down 0.6% – Here’s What Happened

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO)’s share price dropped 0.6% during mid-day trading on Thursday . The company traded as low as $22.26 and last traded at $22.27. Approximately 18,883 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 33,766 shares. The stock had previously closed at $22.40.

Texas Capital Bancshares Trading Down 0.6%

The business’s 50-day simple moving average is $21.45 and its two-hundred day simple moving average is $21.08.

Texas Capital Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.3594 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 6.5%.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is a Dallas-based bank holding company whose principal subsidiary, Texas Capital Bank, N.A., delivers a broad spectrum of commercial banking services. The company specializes in commercial real estate finance, energy lending, equipment financing, public finance and treasury management solutions. In addition to loan products, it offers deposit accounts, private banking and wealth management services designed for corporate, middle-market, small-business and high-net-worth clients.

Founded in 1998, Texas Capital Bancshares has built a network of branch offices and regional service centers across key Texas markets, including Dallas–Fort Worth, Houston, Austin and San Antonio.