Texas capital

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO) Short Interest Up 340.0% in April

Texas Capital Bancshares, Inc. (NASDAQ:TCBIO – Get Rating) benefited from strong short-term interest growth in April. As of April 30, there were short interests totaling 4,400 shares, a growth of 340.0% from the total of 1,000 shares as of April 15. Based on an average trading volume of 21,700 shares, the day-to-cover ratio is currently 0.2 days.

TCBIO shares opened at $21.75 on Thursday. Texas Capital Bancshares has a 12-month low of $20.32 and a 12-month high of $28.90.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 will receive a dividend of $0.3594. This represents an annualized dividend of $1.44 and a dividend yield of 6.61%. The ex-dividend date is Tuesday, May 31.

Separately, director Larry L. Helm acquired 5,700 shares of the company in a transaction on Monday, May 2. The shares were purchased at an average cost of $52.25 per share, for a total transaction of $297,825.00. Following the transaction, the director now owns 77,858 shares of the company, valued at $4,068,080.50. The purchase was disclosed in a filing with the SEC, accessible via this link. Additionally, director Robert W. Stallings purchased 8,000 shares in a trade dated Monday, April 25. The shares were purchased at an average cost of $52.65 per share, with a total value of $421,200.00. Following the completion of the purchase, the administrator now directly owns 44,810 shares of the company, valued at approximately $2,359,246.50. Disclosure of this purchase can be found here. Insiders have acquired a total of 16,700 shares of the company worth $875,025 over the past 90 days.

About Texas Capital Bancshares (Get an evaluation)

Texas Capital Bancshares, Inc. operates as a bank holding company for Texas Capital Bank, is a full-service financial services company that provides customized solutions to businesses, entrepreneurs and individuals. The Company offers commercial banking, retail banking, investment banking and wealth management.

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