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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 20,700 shares, a decrease of 34.1% from the February 13th total of 31,400 shares. Based on an average trading volume of 25,600 shares, the short-interest ratio is presently 0.8 days.

Texas Capital Bancshares Stock Up 1.7 %

NASDAQ:TCBIO traded up $0.34 during trading hours on Friday, hitting $20.59. The stock had a trading volume of 21,703 shares, compared to its average volume of 19,484. Texas Capital Bancshares has a one year low of $18.15 and a one year high of $22.71. The company has a 50 day simple moving average of $20.70 and a two-hundred day simple moving average of $20.83.

Texas Capital Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.3594 dividend. This represents a $1.44 annualized dividend and a yield of 6.98%. The ex-dividend date of this dividend is Monday, March 3rd.

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.