Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Short Interest Update

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 13,321 shares, a decline of 74.6% from the April 30th total of 52,386 shares. Based on an average daily volume of 17,458 shares, the days-to-cover ratio is currently 0.8 days.

Texas Capital Bancshares Trading Down 0.4%

NASDAQ TCBIO traded down $0.09 during trading on Friday, reaching $21.18. The company’s stock had a trading volume of 24,852 shares, compared to its average volume of 28,880. Texas Capital Bancshares has a twelve month low of $19.71 and a twelve month high of $22.94. The business’s fifty day moving average price is $21.59 and its 200-day moving average price is $21.35.

Texas Capital Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.3594 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a yield of 6.8%.

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.