Texas Capital Bancshares, Inc. (NASDAQ:TCBIO – Get Rating) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 78,000 shares, an increase of 110.8% from the February 28th total of 37,000 shares. Based on an average trading volume of 35,100 shares, the short-interest ratio is currently 2.2 days.
Texas Capital Bancshares Stock Down 0.8 %
NASDAQ:TCBIO traded down $0.14 during trading hours on Tuesday, reaching $18.24. 6,963 shares of the company traded hands, compared to its average volume of 32,437. The business's 50-day moving average price is $21.04 and its two-hundred day moving average price is $20.67. Texas Capital Bancshares has a 1 year low of $12.00 and a 1 year high of $25.05.
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Texas Capital Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were paid a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 7.88%. The ex-dividend date was Tuesday, February 28th.
Insiders Place Their Bets
In other news, Director Robert W. Stallings bought 3,000 shares of the company's stock in a transaction dated Thursday, February 16th. The stock was bought at an average cost of $21.94 per share, for a total transaction of $65,820.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at approximately $658,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert W. Stallings acquired 3,000 shares of the firm's stock in a transaction on Thursday, February 16th. The stock was acquired at an average cost of $21.94 per share, for a total transaction of $65,820.00. Following the acquisition, the director now owns 30,000 shares of the company's stock, valued at $658,200. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert W. Stallings purchased 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 21st. The stock was bought at an average cost of $21.18 per share, with a total value of $211,800.00. Following the completion of the purchase, the director now owns 45,000 shares of the company's stock, valued at $953,100. The disclosure for this purchase can be found here. Insiders have bought a total of 19,888 shares of company stock valued at $430,333 in the last quarter.
About Texas Capital Bancshares
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Texas Capital Bancshares, Inc operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking, consumer banking, investment banking, and wealth management services.
Further Reading
- Get a free copy of the StockNews.com research report on Texas Capital Bancshares (TCBIO)
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