Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Stock Short Interest Declines 93.4%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 934 shares, a decline of 93.4% from the August 31st total of 14,206 shares. Based on an average daily volume of 26,155 shares, the days-to-cover ratio is presently 0.0 days.

Texas Capital Bancshares Price Performance

Shares of TCBIO traded down $0.22 during trading hours on Friday, hitting $18.64. The company had a trading volume of 33,468 shares, compared to its average volume of 23,897. The business has a fifty day moving average of $20.16 and a 200-day moving average of $20.88. Texas Capital Bancshares has a 12 month low of $18.60 and a 12 month high of $22.94.

Texas Capital Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.3594 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.44 dividend on an annualized basis and a yield of 7.7%.

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.