Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Declares $0.20 Quarterly Dividend

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Tuesday, September 1st will be paid a dividend of 0.20 per share by the bank on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBI opened at $102.91 on Thursday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Texas Capital Bancshares has a 1-year low of $75.41 and a 1-year high of $108.92. The stock has a market capitalization of $4.49 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.49 and a beta of 0.67. The business has a 50-day moving average price of $101.23 and a two-hundred day moving average price of $99.46.

Texas Capital Bancshares (NASDAQ:TCBI) last issued its earnings results on Wednesday, July 22nd. The bank reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.01. Texas Capital Bancshares had a return on equity of 10.76% and a net margin of 17.71%.The firm had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $333.37 million. During the same quarter last year, the business earned $1.63 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that Texas Capital Bancshares will post 7.56 earnings per share for the current year.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding company headquartered in Dallas, Texas, operating through its wholly owned subsidiary, Texas Capital Bank. The company specializes in providing commercial banking services to middle-market companies, entrepreneurs, professional service firms, real estate developers, and not-for-profit organizations. Its broad range of offerings includes commercial lending, treasury and cash management, real estate finance, equipment finance, and energy lending, all designed to address the unique financial needs of businesses navigating growth and market challenges.

In addition to its core commercial banking capabilities, Texas Capital Bancshares delivers private banking and wealth management services for business owners and high-net-worth individuals.