Texas Capital Bancshares (NASDAQ:TCBIO) Trading Down 0.5% – Here’s Why

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO)’s stock price traded down 0.5% during trading on Thursday . The company traded as low as $21.81 and last traded at $21.83. 15,399 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 35,754 shares. The stock had previously closed at $21.95.

Texas Capital Bancshares Stock Performance

The firm has a fifty day moving average of $21.91 and a 200-day moving average of $21.23.

Texas Capital Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a $0.3594 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.44 annualized dividend and a yield of 6.6%.

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.