Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Short Interest Down 49.2% in September

by · The Markets Daily

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 6,100 shares, a decline of 49.2% from the August 31st total of 12,000 shares. Based on an average daily trading volume, of 25,100 shares, the days-to-cover ratio is currently 0.2 days.

Texas Capital Bancshares Price Performance

Shares of Texas Capital Bancshares stock traded down $0.49 on Friday, hitting $21.37. The company’s stock had a trading volume of 66,436 shares, compared to its average volume of 24,372. The firm has a fifty day moving average price of $20.74 and a 200-day moving average price of $19.99. Texas Capital Bancshares has a 52-week low of $15.52 and a 52-week high of $22.71.

Texas Capital Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.3594 per share. This represents a $1.44 annualized dividend and a yield of 6.73%. The ex-dividend date was Tuesday, September 3rd.

About Texas Capital Bancshares

(Get Free Report)

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.

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