Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Shareholders Set to Receive $0.20 Quarterly Dividend

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.20 per share by the bank on Tuesday, December 15th. This represents a $0.80 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, December 1st.

Texas Capital Bancshares Stock Up 4.4%

TCBI stock traded up $4.08 during mid-day trading on Thursday, hitting $97.57. 285,049 shares of the company were exchanged, compared to its average volume of 490,946. The company has a market capitalization of $4.24 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.96 and a beta of 0.63. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.15. Texas Capital Bancshares has a twelve month low of $81.26 and a twelve month high of $108.92. The firm has a fifty day simple moving average of $95.51 and a 200 day simple moving average of $98.94.

Texas Capital Bancshares (NASDAQ:TCBI) last released its earnings results on Wednesday, October 21st. The bank reported $2.35 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.39. The company had revenue of $356.60 million during the quarter, compared to the consensus estimate of $339.89 million. Texas Capital Bancshares had a net margin of 17.90% and a return on equity of 10.86%. On average, research analysts forecast that Texas Capital Bancshares will post 7.40 earnings per share for the current fiscal year.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is the parent company of Texas Capital Bank, a full-service financial institution headquartered in Dallas, Texas. The bank primarily serves commercial and middle-market businesses, entrepreneurs, professionals, high-net-worth individuals and institutions.

Texas Capital Bank offers commercial and private banking services, including business and personal deposit accounts, commercial and real estate lending, treasury management, wealth management and related financial solutions.