Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Sees Large Decline in Short Interest

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 7,600 shares, a decline of 75.2% from the November 30th total of 30,600 shares. Based on an average daily trading volume, of 30,500 shares, the days-to-cover ratio is presently 0.2 days.

Texas Capital Bancshares Trading Down 0.5 %

Shares of TCBIO stock traded down $0.09 on Friday, hitting $19.68. The company had a trading volume of 36,942 shares, compared to its average volume of 25,867. Texas Capital Bancshares has a twelve month low of $18.15 and a twelve month high of $22.71. The stock’s 50-day moving average is $20.75 and its two-hundred day moving average is $20.52.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.3594 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.30%.

About Texas Capital Bancshares

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.