Texas Capital Bancshares, Inc. (NASDAQ:TCBIO – Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 934 shares, a decrease of 93.4% from the August 31st total of 14,206 shares. Based on an average daily volume of 26,155 shares, the days-to-cover ratio is presently 0.0 days.
Texas Capital Bancshares Stock Performance
Shares of Texas Capital Bancshares stock traded down $0.04 during midday trading on Thursday, reaching $18.93. The company had a trading volume of 15,936 shares, compared to its average volume of 23,844. The stock has a fifty day simple moving average of $20.24 and a 200 day simple moving average of $20.92. Texas Capital Bancshares has a 1-year low of $18.70 and a 1-year high of $22.94.
Texas Capital Bancshares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was 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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