Texas Capital Bancshares (NASDAQ:TCBIO) Shares Down 0.9% – Here’s Why

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO)’s share price dropped 0.9% on Monday . The company traded as low as $20.40 and last traded at $20.40. 14,381 shares traded hands during trading, a decline of 47% from the average daily volume of 27,009 shares. The stock had previously closed at $20.59.

Texas Capital Bancshares Stock Up 0.0%

The company’s 50 day moving average price is $21.15 and its 200 day moving average price is $21.28.

Texas Capital Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date was Monday, June 1st.

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.