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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 13,321 shares, a drop of 74.6% from the April 30th total of 52,386 shares. Based on an average daily volume of 17,458 shares, the days-to-cover ratio is currently 0.8 days.

Texas Capital Bancshares Trading Down 0.4%

Shares of TCBIO stock traded down $0.09 during midday trading on Friday, hitting $21.18. The company had a trading volume of 24,852 shares, compared to its average volume of 28,880. The company’s 50 day simple moving average is $21.59 and its 200 day simple moving average is $21.35. Texas Capital Bancshares has a 52-week low of $19.71 and a 52-week high of $22.94.

Texas Capital Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.3594 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.8%. The ex-dividend date is Monday, June 1st.

Texas Capital Bancshares Company Profile

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.