Texas Capital Bancshares (NASDAQ:TCBIO) Shares Up 0.3% – Here’s Why

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO)’s share price rose 0.3% during mid-day trading on Wednesday . The company traded as high as $22.38 and last traded at $22.23. Approximately 47,580 shares traded hands during mid-day trading, an increase of 83% from the average daily volume of 25,937 shares. The stock had previously closed at $22.17.

Texas Capital Bancshares Stock Performance

The firm’s fifty day moving average price is $20.86 and its 200-day moving average price is $20.88.

Texas Capital Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.3594 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.44 annualized dividend and a dividend yield of 6.5%.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a Dallas-based bank holding company whose principal subsidiary, Texas Capital Bank, N.A., delivers a broad spectrum of commercial banking services. The company specializes in commercial real estate finance, energy lending, equipment financing, public finance and treasury management solutions. In addition to loan products, it offers deposit accounts, private banking and wealth management services designed for corporate, middle-market, small-business and high-net-worth clients.

Founded in 1998, Texas Capital Bancshares has built a network of branch offices and regional service centers across key Texas markets, including Dallas–Fort Worth, Houston, Austin and San Antonio.