Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Expands By 71.6%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 31,400 shares, an increase of 71.6% from the January 31st total of 18,300 shares. Based on an average daily trading volume, of 25,600 shares, the days-to-cover ratio is presently 1.2 days.

Texas Capital Bancshares Trading Down 1.9 %

Shares of Texas Capital Bancshares stock opened at $20.70 on Tuesday. The business’s fifty day simple moving average is $20.61 and its 200 day simple moving average is $20.84. Texas Capital Bancshares has a 12 month low of $18.15 and a 12 month high of $22.71.

Texas Capital Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date of this dividend is Monday, March 3rd.

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.