Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Drops By 49.2%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 6,100 shares, a decrease of 49.2% from the August 31st total of 12,000 shares. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is currently 0.2 days.

Texas Capital Bancshares Stock Performance

Shares of TCBIO stock traded down $0.49 during mid-day trading on Friday, hitting $21.37. 66,436 shares of the stock were exchanged, compared to its average volume of 24,372. The stock’s fifty day simple moving average is $20.74 and its two-hundred day simple moving average is $19.99. Texas Capital Bancshares has a 12-month low of $15.52 and a 12-month high of $22.71.

Texas Capital Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.3594 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.44 dividend on an annualized basis and a yield of 6.73%.

About Texas Capital Bancshares

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.