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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 113,200 shares, an increase of 152.7% from the March 15th total of 44,800 shares. Based on an average daily trading volume, of 27,100 shares, the days-to-cover ratio is currently 4.2 days.

Texas Capital Bancshares Price Performance

Shares of TCBIO stock traded up $0.35 on Tuesday, reaching $19.03. 7,437 shares of the company’s stock were exchanged, compared to its average volume of 26,101. The company’s fifty day simple moving average is $20.26 and its 200 day simple moving average is $20.54. Texas Capital Bancshares has a 52 week low of $18.11 and a 52 week high of $22.71.

Texas Capital Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.3594 dividend. This represents a $1.44 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend 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.