Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Shares Shorted: Short Interest Up 1,452.8% in September

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 14,503 shares, an increase of 1,452.8% from the September 15th total of 934 shares. Based on an average trading volume of 34,973 shares, the days-to-cover ratio is currently 0.4 days.

Texas Capital Bancshares Stock Performance

NASDAQ:TCBIO remained flat at $18.28 during trading hours on Friday. The stock’s 50 day moving average is $19.83 and its 200 day moving average is $20.63. Texas Capital Bancshares has a fifty-two week low of $17.96 and a fifty-two week high of $22.94.

Texas Capital Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a $0.3594 dividend. This represents a $1.44 annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend was Tuesday, September 1st.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. Founded in 1998, the bank serves businesses, entrepreneurs, institutions and high-net-worth individuals through a relationship-focused banking model.

Texas Capital Bank provides commercial and investment banking services, including corporate lending, treasury management, capital markets, investment banking and commercial real estate financing. Its offerings also include private wealth management, personal banking and customized deposit and lending solutions.

The company primarily serves clients in Texas and selected national markets through offices and banking teams across the state and in other major U.S.