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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 934 shares, a decrease of 93.4% from the August 31st total of 14,206 shares. Based on an average daily trading volume, of 26,155 shares, the days-to-cover ratio is presently 0.0 days.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBIO traded down $0.04 during trading on Thursday, reaching $18.93. The stock had a trading volume of 15,936 shares, compared to its average volume of 23,844. Texas Capital Bancshares has a 52 week low of $18.70 and a 52 week high of $22.94. The business’s 50-day moving average price is $20.24 and its 200 day moving average price is $20.92.

Texas Capital Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend was Tuesday, September 1st.

About Texas Capital Bancshares

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.