Texas Capital Bancshares (NASDAQ:TCBIO) Trading Down 0.9% – Here’s What Happened

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO)’s stock price dropped 0.9% during mid-day trading on Monday . The stock traded as low as $20.40 and last traded at $20.40. Approximately 14,381 shares changed hands during trading, a decline of 47% from the average session volume of 27,009 shares. The stock had previously closed at $20.59.

Texas Capital Bancshares Price Performance

The company has a 50 day moving average price of $21.17 and a 200 day moving average price of $21.29.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.3594 per share. This represents a $1.44 annualized dividend 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.