Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shareholders to Collect $0.20 Quarterly Dividend

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.20 per share by the bank on Tuesday, December 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 1st.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBI traded up $4.08 during midday trading on Thursday, reaching $97.57. 285,049 shares of the company traded hands, compared to its average volume of 490,946. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.96 and a beta of 0.63. The stock has a 50-day moving average price of $95.51 and a 200 day moving average price of $98.94. Texas Capital Bancshares has a 52 week low of $81.26 and a 52 week high of $108.92. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00.

Texas Capital Bancshares (NASDAQ:TCBI) last announced its earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.39. The firm had revenue of $356.60 million during the quarter, compared to analyst estimates of $339.89 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. Sell-side analysts anticipate that Texas Capital Bancshares will post 7.40 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Ellen Detrich sold 2,045 shares of Texas Capital Bancshares stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $100.03, for a total transaction of $204,561.35. Following the transaction, the insider directly owned 7,529 shares of the company’s stock, valued at $753,125.87. The trade was a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Texas Capital Bancshares

Large investors have recently made changes to their positions in the business. Root Financial Partners LLC bought a new stake in shares of Texas Capital Bancshares in the 3rd quarter worth approximately $26,000. Ameritas Advisory Services LLC acquired a new stake in Texas Capital Bancshares during the second quarter valued at approximately $34,000. FNY Investment Advisers LLC bought a new stake in Texas Capital Bancshares during the second quarter worth approximately $51,000. Farther Finance Advisors LLC boosted its holdings in Texas Capital Bancshares by 29.8% during the third quarter. Farther Finance Advisors LLC now owns 583 shares of the bank’s stock worth $54,000 after buying an additional 134 shares in the last quarter. Finally, Westpac Banking Corp bought a new stake in Texas Capital Bancshares during the first quarter worth approximately $58,000. Institutional investors own 96.88% of the company’s stock.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.