Texas Capital Bancshares (NASDAQ:TCBIO) Stock Price Up 0.3% – Here’s What Happened

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) shares shot up 0.3% during trading on Wednesday . The company traded as high as $22.38 and last traded at $22.23. 47,580 shares changed hands during trading, an increase of 83% from the average session volume of 25,937 shares. The stock had previously closed at $22.17.

Texas Capital Bancshares Trading Up 0.3%

The firm’s 50-day moving average price is $20.86 and its 200 day moving average price is $20.88.

Texas Capital Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.3594 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.44 annualized dividend and a yield of 6.5%.

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.