Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Stock Short Interest Jumps 1,452.8%

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 14,503 shares, an increase of 1,452.8% from the September 15th total of 934 shares. Based on an average trading volume of 34,973 shares, the days-to-cover ratio is currently 0.4 days.

Texas Capital Bancshares Price Performance

TCBIO opened at $18.28 on Friday. The company has a fifty day moving average of $19.79 and a 200 day moving average of $20.61. Texas Capital Bancshares has a fifty-two week low of $17.96 and a fifty-two week high of $22.94.

Texas Capital Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $0.3594 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.44 dividend on an annualized basis and a yield of 7.9%.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. Founded in 1998, the bank serves businesses, entrepreneurs, institutions and high-net-worth individuals through a relationship-focused banking model.

Texas Capital Bank provides commercial and investment banking services, including corporate lending, treasury management, capital markets, investment banking and commercial real estate financing. Its offerings also include private wealth management, personal banking and customized deposit and lending solutions.

The company primarily serves clients in Texas and selected national markets through offices and banking teams across the state and in other major U.S.