Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Drops By 34.8%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 6,213 shares, a decline of 34.8% from the June 30th total of 9,525 shares. Based on an average daily volume of 14,966 shares, the days-to-cover ratio is currently 0.4 days.

Texas Capital Bancshares Stock Performance

Shares of TCBIO opened at $20.30 on Friday. Texas Capital Bancshares has a 12 month low of $19.78 and a 12 month high of $22.94. The firm has a fifty day simple moving average of $20.57 and a 200 day simple moving average of $21.28.

Texas Capital Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.3594 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.44 annualized dividend and a yield of 7.1%.

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.