Texas Capital Bancshares (NASDAQ:TCBIO) Trading Down 0% – Time to Sell?

Shares of Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) were down 0% on Monday . The stock traded as low as $20.50 and last traded at $20.54. Approximately 18,840 shares were traded during trading, a decline of 26% from the average daily volume of 25,581 shares. The stock had previously closed at $20.55.

Texas Capital Bancshares Price Performance

The stock’s 50-day moving average is $20.90 and its 200 day moving average is $20.79.

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

Texas Capital Bancshares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.3594 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 7.0%.

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.