Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Expands By 89.5%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 14,400 shares, a growth of 89.5% from the December 31st total of 7,600 shares. Based on an average daily trading volume, of 31,400 shares, the days-to-cover ratio is currently 0.5 days.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock traded down $0.29 on Wednesday, hitting $20.99. The company’s stock had a trading volume of 23,773 shares, compared to its average volume of 22,049. The firm has a fifty day moving average price of $20.31 and a 200-day moving average price of $20.67. Texas Capital Bancshares has a 52-week low of $18.15 and a 52-week high of $22.71.

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 dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.85%. 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.