Texas Capital Bancshares, Inc. (NASDAQ:TCBIO – Get Rating) was the target of a large increase in short interest in 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 days-to-cover ratio is presently 2.2 days.
Insider Transactions at Texas Capital Bancshares
In other Texas Capital Bancshares news, Director Robert W. Stallings acquired 3,000 shares of the stock in a transaction dated Thursday, February 16th. The stock was acquired at an average cost of $21.94 per share, with a total value of $65,820.00. Following the transaction, the director now owns 30,000 shares in the company, valued at approximately $658,200. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Robert W. Stallings bought 3,000 shares of the firm's stock in a transaction that occurred on Thursday, February 16th. The stock was purchased at an average cost of $21.94 per share, with a total value of $65,820.00. Following the transaction, the director now directly owns 30,000 shares in the company, valued at $658,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert W. Stallings bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 21st. The stock was purchased at an average cost of $21.18 per share, with a total value of $211,800.00. Following the completion of the transaction, the director now owns 45,000 shares in the company, valued at $953,100. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 19,888 shares of company stock valued at $430,333.
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Texas Capital Bancshares Stock Down 0.1 %
Texas Capital Bancshares stock traded down $0.02 during mid-day trading on Thursday, reaching $18.23. 39,317 shares of the company were exchanged, compared to its average volume of 32,618. Texas Capital Bancshares has a twelve month low of $12.00 and a twelve month high of $25.05. The firm's 50-day simple moving average is $20.90 and its two-hundred day simple moving average is $20.63.
Texas Capital Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st were given a dividend of $0.3594 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $1.44 dividend on an annualized basis and a yield of 7.89%.
Texas Capital Bancshares Company Profile
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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.
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