Texas Capital Bancshares, Inc. (NASDAQ:TCBIO – Get Rating) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 37,000 shares, an increase of 421.1% from the February 13th total of 7,100 shares. Based on an average daily trading volume, of 29,400 shares, the days-to-cover ratio is currently 1.3 days.

Texas Capital Bancshares Price Performance

TCBIO traded down $1.20 during trading on Friday, reaching $18.10. The company's stock had a trading volume of 78,873 shares, compared to its average volume of 26,612. Texas Capital Bancshares has a 52-week low of $18.01 and a 52-week high of $25.20. The company's fifty day moving average price is $21.51 and its 200-day moving average price is $21.00.

Texas Capital Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be issued a $0.3594 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date is Tuesday, February 28th.

Insider Buying and Selling

In related news, Director Robert W. Stallings purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were purchased at an average price of $21.18 per share, with a total value of $211,800.00. Following the completion of the acquisition, the director now directly owns 45,000 shares in the company, valued at approximately $953,100. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Robert W. Stallings purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were purchased at an average price of $21.18 per share, with a total value of $211,800.00. Following the completion of the acquisition, the director now directly owns 45,000 shares in the company, valued at approximately $953,100. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert W. Stallings purchased 3,000 shares of the stock in a transaction that occurred on Thursday, February 16th. The shares were bought 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 disclosure for this purchase can be found here. Insiders have purchased a total of 19,888 shares of company stock valued at $430,333 over the last quarter.

Texas Capital Bancshares Company Profile

(Get Rating)

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

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