Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Shares Shorted: Short Interest Down 93.4% in September

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 934 shares, a drop of 93.4% from the August 31st total of 14,206 shares. Based on an average daily volume of 26,155 shares, the days-to-cover ratio is presently 0.0 days.

Texas Capital Bancshares Stock Performance

Shares of TCBIO stock opened at $18.93 on Friday. The firm has a fifty day simple moving average of $20.21 and a two-hundred day simple moving average of $20.90. Texas Capital Bancshares has a 12 month low of $18.70 and a 12 month high of $22.94.

Texas Capital Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.3594 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.44 annualized dividend and a dividend yield of 7.6%.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a Dallas-based bank holding company whose principal subsidiary, Texas Capital Bank, N.A., delivers a broad spectrum of commercial banking services. The company specializes in commercial real estate finance, energy lending, equipment financing, public finance and treasury management solutions. In addition to loan products, it offers deposit accounts, private banking and wealth management services designed for corporate, middle-market, small-business and high-net-worth clients.

Founded in 1998, Texas Capital Bancshares has built a network of branch offices and regional service centers across key Texas markets, including Dallas–Fort Worth, Houston, Austin and San Antonio.