Texas Capital Bancshares declared a dividend of $14.375 per share on its Series B Preferred Stock, payable March 17, 2025.
Quiver AI Summary
Texas Capital Bancshares, Inc. has announced a cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, which is equivalent to $0.359375 per depositary share. The dividend will be payable on March 17, 2025, to shareholders recorded by the close of business on March 3, 2025. Texas Capital Bancshares, the parent company of Texas Capital Bank, is a financial services firm based in Dallas, offering a range of customized solutions for businesses and individuals while serving clients nationwide. The company trades on the NASDAQ under the ticker TCBI and is a part of the Russell 2000 and S&P MidCap 400 indices.
Potential Positives
- The declaration of a cash dividend demonstrates the company's financial strength and commitment to returning value to shareholders.
- The dividend payment of $14.375 per share reflects a substantial yield, which may attract more investors to the preferred stock.
- The upcoming dividend payment date highlights timely financial management and a consistent return strategy, boosting investor confidence.
- Being a part of the Russell 2000® Index and S&P MidCap 400® indicates the company's solid market presence and broad recognition in the financial sector.
Potential Negatives
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FAQ
What is the dividend declared by Texas Capital Bancshares?
Texas Capital Bancshares declared a cash dividend of $14.375 per share of Series B Preferred Stock.
When is the dividend payable?
The dividend is payable on March 17, 2025.
What is the record date for the dividend?
The record date to receive the dividend is March 3, 2025.
Where can I find Texas Capital Bancshares’ depositary shares?
The depositary shares are traded on NASDAQ under the symbol “TCBIO.”
What services does Texas Capital Bank offer?
Texas Capital Bank offers commercial banking, consumer banking, investment banking, and wealth management services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TCBI Congressional Stock Trading
Members of Congress have traded $TCBI stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $TCBI stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 10/31.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$TCBI Insider Trading Activity
$TCBI insiders have traded $TCBI stock on the open market 11 times in the past 6 months. Of those trades, 11 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $TCBI stock by insiders over the last 6 months:
- ROBERT W STALLINGS has made 11 purchases buying 99,480 shares for an estimated $2,029,347 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$TCBI Hedge Fund Activity
We have seen 118 institutional investors add shares of $TCBI stock to their portfolio, and 119 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTH REEF CAPITAL MANAGEMENT LP removed 425,000 shares (-20.2%) from their portfolio in Q3 2024, for an estimated $30,370,499
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 382,171 shares (+13.2%) to their portfolio in Q3 2024, for an estimated $27,309,939
- ARISTOTLE CAPITAL BOSTON, LLC removed 227,863 shares (-50.5%) from their portfolio in Q3 2024, for an estimated $16,283,089
- BLACKROCK, INC. removed 196,293 shares (-3.3%) from their portfolio in Q3 2024, for an estimated $14,027,097
- AQR CAPITAL MANAGEMENT LLC removed 178,629 shares (-16.4%) from their portfolio in Q3 2024, for an estimated $12,764,828
- BANK OF AMERICA CORP /DE/ removed 171,561 shares (-51.9%) from their portfolio in Q3 2024, for an estimated $12,259,749
- WELLINGTON MANAGEMENT GROUP LLP added 150,301 shares (+15.4%) to their portfolio in Q3 2024, for an estimated $10,740,509
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DALLAS, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The depositary shares are traded on the NASDAQ under the symbol “TCBIO.” The Series B Preferred Stock dividend is payable on March 17, 2025, to holders of record at the close of business on March 3, 2025.
ABOUT TEXAS CAPITAL BANCSHARES, INC.
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit
www.texascapital.com
.