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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,833 shares, a decrease of 76.8% from the May 31st total of 7,906 shares. Based on an average daily volume of 13,179 shares, the days-to-cover ratio is currently 0.1 days.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBIO opened at $20.25 on Friday. The stock’s 50-day moving average is $21.05 and its 200 day moving average is $21.27. Texas Capital Bancshares has a 1-year low of $19.78 and a 1-year high of $22.94.

Texas Capital Bancshares Announces Dividend

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

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.