Texas Capital Bancshares (NASDAQ:TCBIO) Shares Up 0.8% – Time to Buy?

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO)’s share price shot up 0.8% during trading on Friday . The company traded as high as $20.85 and last traded at $20.82. 11,133 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 25,720 shares. The stock had previously closed at $20.65.

Texas Capital Bancshares Stock Up 0.8%

The stock has a fifty day moving average price of $21.05 and a 200 day moving average price of $20.68.

Texas Capital Bancshares (NASDAQ:TCBIO) last issued its quarterly earnings results on Wednesday, January 18th. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $242.04 million during the quarter.

Texas Capital Bancshares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.3594 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Monday, December 1st.

About Texas Capital Bancshares

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 solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services.