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

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

Texas Capital Bancshares Stock Performance

Shares of NASDAQ TCBIO traded down $0.09 during mid-day trading on Friday, reaching $21.18. 24,850 shares of the company were exchanged, compared to its average volume of 28,790. Texas Capital Bancshares has a 52 week low of $19.71 and a 52 week high of $22.94. The company’s 50 day moving average price is $21.62 and its 200 day moving average price is $21.35.

Texas Capital Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend is Monday, June 1st.

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.