Short Interest in Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Declines By 75.2%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 7,600 shares, a decline of 75.2% from the November 30th total of 30,600 shares. Based on an average daily volume of 30,500 shares, the days-to-cover ratio is currently 0.2 days.

Texas Capital Bancshares Price Performance

NASDAQ TCBIO traded down $0.09 on Thursday, reaching $19.74. The company had a trading volume of 16,969 shares, compared to its average volume of 25,753. The company’s fifty day moving average is $20.82 and its 200-day moving average is $20.51. Texas Capital Bancshares has a 1-year low of $18.15 and a 1-year high of $22.71.

Texas Capital Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.3594 per share. This represents a $1.44 annualized dividend and a dividend yield of 7.28%. The ex-dividend date was Monday, December 2nd.

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.