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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 2,000 shares, a decrease of 82.8% from the March 31st total of 11,600 shares. Based on an average daily trading volume, of 28,000 shares, the days-to-cover ratio is presently 0.1 days.

Texas Capital Bancshares Stock Performance

Shares of TCBIO traded up $0.13 during mid-day trading on Friday, hitting $19.04. 8,593 shares of the company’s stock were exchanged, compared to its average volume of 25,941. The firm has a fifty day moving average of $20.05 and a two-hundred day moving average of $18.84. Texas Capital Bancshares has a twelve month low of $15.30 and a twelve month high of $21.19.

Texas Capital Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be paid a $0.3594 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.44 dividend on an annualized basis and a yield of 7.55%.

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.