Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Sees Large Decline in Short Interest

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 10,500 shares, a decline of 24.5% from the October 31st total of 13,900 shares. Based on an average trading volume of 26,900 shares, the short-interest ratio is presently 0.4 days.

Texas Capital Bancshares Trading Up 2.5 %

NASDAQ TCBIO opened at $21.52 on Friday. The business’s fifty day moving average is $21.21 and its 200 day moving average is $20.38. Texas Capital Bancshares has a fifty-two week low of $17.76 and a fifty-two week high of $22.71.

Texas Capital Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.3594 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.68%.

Texas Capital Bancshares Company Profile

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.