Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Grows By 132.1%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,500 shares, an increase of 132.1% from the October 31st total of 2,800 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.3% of the shares of the company are sold short.

Texas Community Bancshares Price Performance

Shares of NASDAQ TCBS remained flat at $15.00 during trading hours on Friday. The company had a trading volume of 599 shares, compared to its average volume of 2,640. The company has a market capitalization of $46.74 million, a P/E ratio of -21.13 and a beta of 0.01. Texas Community Bancshares has a twelve month low of $12.00 and a twelve month high of $15.24. The stock has a fifty day moving average price of $14.88 and a two-hundred day moving average price of $14.43. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20.

Texas Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Thursday, December 12th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, December 12th. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -22.54%.

Insider Activity at Texas Community Bancshares

In other Texas Community Bancshares news, SVP Terri Baucum sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $14.26, for a total value of $42,780.00. Following the completion of the sale, the senior vice president now owns 7,819 shares in the company, valued at approximately $111,498.94. This trade represents a 27.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 19.10% of the company’s stock.

Texas Community Bancshares Company Profile

Texas Community Bancshares, Inc operates as the bank holding company for Mineola Community Bank, S.S.B. that provides loans and banking services to consumers and commercial customers in Mineola, Texas and the surrounding area, and the Dallas Fort Worth Metroplex. It generates a selection of deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts.