Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Grows By 116.4%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 44,800 shares, an increase of 116.4% from the February 28th total of 20,700 shares. Based on an average trading volume of 22,700 shares, the days-to-cover ratio is currently 2.0 days.

Texas Capital Bancshares Price Performance

Texas Capital Bancshares stock opened at $19.61 on Friday. The firm has a 50 day moving average price of $20.75 and a 200-day moving average price of $20.80. Texas Capital Bancshares has a twelve month low of $18.15 and a twelve month high of $22.71.

Texas Capital Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date was Monday, March 3rd.

About Texas Capital Bancshares

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.