Texas Capital Bancshares, Inc. (NASDAQ:TCBIO – Get Free Report) was the target of a large decrease in short interest in 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 daily trading volume, of 14,966 shares, the short-interest ratio is currently 0.4 days.
Texas Capital Bancshares Trading Down 0.2%
TCBIO stock opened at $20.30 on Friday. The business’s 50-day moving average price is $20.57 and its two-hundred day moving average price is $21.28. Texas Capital Bancshares has a 1-year low of $19.78 and a 1-year high of $22.94.
Texas Capital Bancshares Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date 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.
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