Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Grows By 646.4%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 20,900 shares, an increase of 646.4% from the February 29th total of 2,800 shares. Based on an average daily volume of 29,200 shares, the days-to-cover ratio is presently 0.7 days.

Texas Capital Bancshares Trading Down 0.1 %

Shares of NASDAQ TCBIO traded down $0.02 during trading on Thursday, reaching $20.97. The company had a trading volume of 7,280 shares, compared to its average volume of 27,307. Texas Capital Bancshares has a 12-month low of $15.30 and a 12-month high of $21.19. The business’s 50-day moving average is $19.94 and its 200 day moving average is $18.62.

Texas Capital Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.3594 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.86%.

About Texas Capital Bancshares

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.