Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Short Interest Down 82.8% in April

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 2,000 shares, a drop of 82.8% from the March 31st total of 11,600 shares. Based on an average daily volume of 28,000 shares, the short-interest ratio is presently 0.1 days.

Texas Capital Bancshares Price Performance

TCBIO traded up $0.13 during trading on Friday, reaching $19.04. 8,593 shares of the stock were exchanged, compared to its average volume of 25,941. Texas Capital Bancshares has a twelve month low of $15.30 and a twelve month high of $21.19. The stock’s 50 day moving average price is $20.05 and its two-hundred day moving average price is $18.84.

Texas Capital Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a dividend of $0.3594 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.44 dividend on an annualized basis and a yield of 7.55%.

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.