Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Short Interest Down 72.0% in May

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 8,800 shares, a drop of 72.0% from the April 30th total of 31,400 shares. Based on an average daily volume of 25,800 shares, the short-interest ratio is currently 0.3 days.

Texas Capital Bancshares Stock Performance

Shares of NASDAQ:TCBIO opened at $20.19 on Thursday. Texas Capital Bancshares has a 12-month low of $18.11 and a 12-month high of $22.71. The business has a 50 day moving average of $19.61 and a 200-day moving average of $20.24.

Texas Capital Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.12%. The ex-dividend date of this dividend is Monday, June 2nd.

Texas Capital Bancshares Company Profile

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.