Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Short Interest Up 419.6% in June

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 9,525 shares, a growth of 419.6% from the June 15th total of 1,833 shares. Based on an average daily trading volume, of 22,399 shares, the short-interest ratio is presently 0.4 days.

Texas Capital Bancshares Stock Up 0.1%

Shares of TCBIO stock opened at $20.64 on Friday. Texas Capital Bancshares has a 52 week low of $19.78 and a 52 week high of $22.94. The firm’s 50-day simple moving average is $20.77 and its two-hundred day simple moving average is $21.26.

Texas Capital Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend was Monday, June 1st.

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.