Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Sees Large Growth in Short Interest

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 23,072 shares, an increase of 271.4% from the July 15th total of 6,213 shares. Based on an average daily trading volume, of 14,304 shares, the short-interest ratio is presently 1.6 days.

Texas Capital Bancshares Stock Performance

NASDAQ TCBIO traded up $0.04 during trading hours on Friday, reaching $20.54. The company’s stock had a trading volume of 7,499 shares, compared to its average volume of 24,139. The business has a 50-day simple moving average of $20.48 and a 200 day simple moving average of $21.26. Texas Capital Bancshares has a 52 week low of $19.78 and a 52 week high of $22.94.

Texas Capital Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Tuesday, September 1st.

Texas Capital Bancshares Company Profile

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.