Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Sees Large Increase in Short Interest

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 14,400 shares, an increase of 89.5% from the December 31st total of 7,600 shares. Based on an average daily trading volume, of 31,400 shares, the days-to-cover ratio is currently 0.5 days.

Texas Capital Bancshares Price Performance

NASDAQ TCBIO traded down $0.29 during trading hours on Wednesday, hitting $20.99. 23,773 shares of the company were exchanged, compared to its average volume of 22,049. The company has a 50 day moving average of $20.31 and a two-hundred day moving average of $20.67. Texas Capital Bancshares has a 52-week low of $18.15 and a 52-week high of $22.71.

Texas Capital Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date is Monday, March 3rd.

Texas Capital Bancshares Company Profile

Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking; consumer banking; investment banking solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.