Texas Capital Bancshares (NASDAQ:TCBIO) Shares Down 0.3% – Here’s Why

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO)’s share price fell 0.3% during mid-day trading on Thursday . The company traded as low as $19.84 and last traded at $19.90. 37,994 shares changed hands during mid-day trading, an increase of 59% from the average session volume of 23,874 shares. The stock had previously closed at $19.95.

Texas Capital Bancshares Trading Down 0.3%

The business has a fifty day moving average of $20.49 and a 200 day moving average of $21.18.

Texas Capital Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.3594 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 7.2%.

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.