Texas Capital Bancshares (NASDAQ:TCBIO) Trading Down 0.5% – Should You Sell?

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) shares were down 0.5% on Thursday . The stock traded as low as $21.81 and last traded at $21.83. Approximately 15,399 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 35,754 shares. The stock had previously closed at $21.95.

Texas Capital Bancshares Stock Performance

The firm’s 50-day moving average price is $21.89 and its 200 day moving average price is $21.23.

Texas Capital Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Monday, March 2nd.

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.