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

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 14,400 shares, an increase 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 Trading Up 1.2 %

Texas Capital Bancshares stock traded up $0.24 during mid-day trading on Thursday, reaching $20.38. 27,064 shares of the company traded hands, compared to its average volume of 22,986. The firm’s fifty day moving average is $20.39 and its two-hundred day moving average is $20.59. Texas Capital Bancshares has a fifty-two week low of $18.15 and a fifty-two week high of $22.71.

Texas Capital Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.3594 dividend. This represents a $1.44 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend was 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.