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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 9,525 shares, an increase of 419.6% from the June 15th total of 1,833 shares. Based on an average trading volume of 22,399 shares, the short-interest ratio is currently 0.4 days.

Texas Capital Bancshares Price Performance

TCBIO traded down $0.06 during mid-day trading on Monday, reaching $20.59. 12,343 shares of the stock were exchanged, compared to its average volume of 26,371. The company has a 50 day moving average price of $20.77 and a two-hundred day moving average price of $21.27. Texas Capital Bancshares has a 1 year low of $19.78 and a 1 year high of $22.94.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were 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 of this dividend was Monday, June 1st.

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.