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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 10,500 shares, a drop of 24.5% from the October 31st total of 13,900 shares. Based on an average daily trading volume, of 26,900 shares, the short-interest ratio is presently 0.4 days.

Texas Capital Bancshares Stock Up 2.5 %

Shares of NASDAQ TCBIO opened at $21.52 on Friday. The firm’s 50-day moving average price is $21.21 and its 200-day moving average price is $20.38. Texas Capital Bancshares has a 52-week low of $17.76 and a 52-week high of $22.71.

Texas Capital Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.3594 dividend. This represents a $1.44 annualized dividend and a yield of 6.68%. The ex-dividend date is Monday, December 2nd.

Texas Capital Bancshares Company Profile

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.