Texas Capital Bancshares, Inc. (NASDAQ:TCBIO – Get Rating) Director Robert W. Stallings purchased 8,000 shares of the stock in a transaction that occurred on Monday, May 1st. The stock was bought at an average price of $49.74 per share, with a total value of $397,920.00. Following the completion of the acquisition, the director now owns 234,000 shares in the company, valued at approximately $11,639,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Texas Capital Bancshares Stock Performance

Shares of Texas Capital Bancshares stock opened at $17.50 on Wednesday. The business has a 50-day moving average of $19.49 and a 200-day moving average of $20.36. Texas Capital Bancshares, Inc. has a 1-year low of $12.00 and a 1-year high of $25.05.

Texas Capital Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be paid a dividend of $0.3594 per share. The ex-dividend date is Wednesday, May 31st. This represents a $1.44 annualized dividend and a dividend yield of 8.21%.

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.

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