Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Sees Significant Decline in Short Interest

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 6,213 shares, a decrease of 34.8% from the June 30th total of 9,525 shares. Based on an average trading volume of 14,966 shares, the days-to-cover ratio is currently 0.4 days.

Texas Capital Bancshares Price Performance

Shares of NASDAQ TCBIO opened at $20.44 on Friday. Texas Capital Bancshares has a fifty-two week low of $19.78 and a fifty-two week high of $22.94. The stock’s 50-day simple moving average is $20.56 and its 200-day simple moving average is $21.28.

Texas Capital Bancshares Announces Dividend

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

About Texas Capital Bancshares

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.