TC Bancshares, Inc. (NASDAQ:TCBC) Short Interest Up 207.3% in July

TC Bancshares, Inc. (NASDAQ:TCBC) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 12,600 shares, a growth of 207.3% from the June 30th total of 4,100 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of TC Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Graham Capital Wealth Management LLC acquired a new stake in TC Bancshares during the first quarter valued at $158,000. Brown Advisory Inc. grew its position in TC Bancshares by 29.4% during the fourth quarter. Brown Advisory Inc. now owns 17,584 shares of the company’s stock valued at $243,000 after buying an additional 3,994 shares during the period. Thomasville National Bank grew its position in TC Bancshares by 7.7% during the first quarter. Thomasville National Bank now owns 33,613 shares of the company’s stock valued at $462,000 after buying an additional 2,400 shares during the period. Finally, Allen Mooney & Barnes Investment Advisors LLC grew its position in TC Bancshares by 11.8% during the fourth quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 76,000 shares of the company’s stock valued at $1,050,000 after buying an additional 8,000 shares during the period. Institutional investors and hedge funds own 23.56% of the company’s stock.

TC Bancshares Stock Performance

Shares of NASDAQ:TCBC traded down $0.27 during midday trading on Thursday, reaching $13.26. The company’s stock had a trading volume of 14,045 shares, compared to its average volume of 8,722. TC Bancshares has a twelve month low of $12.35 and a twelve month high of $14.60. The stock has a fifty day moving average of $13.68 and a 200 day moving average of $13.69. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.14.

TC Bancshares (NASDAQ:TCBC) last released its quarterly earnings data on Friday, May 10th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $3.63 million for the quarter. TC Bancshares had a negative net margin of 0.19% and a negative return on equity of 0.05%.

TC Bancshares Dividend Announcement

The firm also recently disclosed a Semi-Annual dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a dividend yield of 0.7%.

TC Bancshares Company Profile

TC Bancshares, Inc operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit.