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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 14,400 shares, a growth of 89.5% from the December 15th total of 7,600 shares. Based on an average trading volume of 31,400 shares, the days-to-cover ratio is presently 0.5 days.

Texas Capital Bancshares Stock Up 1.0 %

Texas Capital Bancshares stock traded up $0.20 during midday trading on Tuesday, hitting $19.80. The stock had a trading volume of 3,900 shares, compared to its average volume of 21,399. The business has a fifty day moving average price of $20.44 and a 200 day moving average price of $20.58. Texas Capital Bancshares has a 12 month low of $18.15 and a 12 month high of $22.71.

Texas Capital Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend 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.