Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Stock to Pay Quarterly Dividend of $0.20

by · The Markets Daily

Texas Capital Bancshares, Inc. (NASDAQ:TCBI – Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Tuesday, December 1st will be given a dividend of $0.20 per share by the bank on Tuesday, December 15th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 1st.

Texas Capital Bancshares Price Performance

NASDAQ:TCBI traded up $4.04 during trading hours on Thursday, reaching $97.53. 326,371 shares of the company traded hands, compared to its average volume of 491,288. The firm’s 50-day moving average is $95.51 and its 200-day moving average is $98.94. The stock has a market cap of $4.24 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.96 and a beta of 0.63. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.00 and a quick ratio of 1.00. Texas Capital Bancshares has a 1-year low of $81.26 and a 1-year high of $108.92.

Texas Capital Bancshares (NASDAQ:TCBI – Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.39. The company had revenue of $356.60 million during the quarter, compared to the consensus estimate of $339.89 million. Texas Capital Bancshares had a return on equity of 10.86% and a net margin of 17.90%. Equities research analysts expect that Texas Capital Bancshares will post 7.40 earnings per share for the current fiscal year.

Texas Capital Bancshares Company Profile

(Get Free Report)

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.

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