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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 7,600 shares, a drop of 75.2% from the November 30th total of 30,600 shares. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is presently 0.2 days.

Texas Capital Bancshares Stock Performance

TCBIO traded down $0.09 during midday trading on Thursday, reaching $19.74. The company had a trading volume of 16,969 shares, compared to its average volume of 25,753. Texas Capital Bancshares has a 1 year low of $18.15 and a 1 year high of $22.71. The business has a 50-day moving average of $20.82 and a two-hundred day moving average of $20.51.

Texas Capital Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.3594 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 7.28%.

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.