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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a significant drop in short interest in 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 volume of 26,900 shares, the days-to-cover ratio is currently 0.4 days.

Texas Capital Bancshares Price Performance

NASDAQ:TCBIO traded up $0.52 during trading hours on Friday, hitting $21.52. 44,893 shares of the company traded hands, compared to its average volume of 25,103. The firm’s 50-day simple moving average is $21.23 and its 200-day simple moving average is $20.37. Texas Capital Bancshares has a one year low of $17.76 and a one year high of $22.71.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.3594 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date is 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.