Texas Capital Bancshares (NASDAQ:TCBIO) Trading 0.1% Higher – Should You Buy?

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO)’s stock price shot up 0.1% during mid-day trading on Thursday . The company traded as high as $21.29 and last traded at $21.1340. 16,918 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 30,035 shares. The stock had previously closed at $21.12.

Texas Capital Bancshares Trading Down 1.1%

The stock has a 50-day simple moving average of $21.88 and a 200 day simple moving average of $21.35.

Texas Capital Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.3594 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.44 annualized dividend and a dividend yield of 6.9%.

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.