Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Expands By 271.4%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 23,072 shares, an increase of 271.4% from the July 15th total of 6,213 shares. Based on an average trading volume of 14,304 shares, the short-interest ratio is presently 1.6 days.

Texas Capital Bancshares Price Performance

Shares of NASDAQ:TCBIO opened at $20.45 on Thursday. Texas Capital Bancshares has a 1 year low of $19.78 and a 1 year high of $22.94. The business’s 50-day moving average is $20.48 and its 200-day moving average is $21.26.

Texas Capital Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Tuesday, September 1st.

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.