Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Drops By 24.5%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 10,500 shares, a drop of 24.5% from the October 31st total of 13,900 shares. Based on an average daily volume of 26,900 shares, the short-interest ratio is currently 0.4 days.

Texas Capital Bancshares Price Performance

NASDAQ:TCBIO opened at $21.00 on Friday. Texas Capital Bancshares has a twelve month low of $17.76 and a twelve month high of $22.71. The company’s 50 day moving average is $21.27 and its two-hundred day moving average is $20.36.

Texas Capital Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date of this dividend is Monday, December 2nd.

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.