Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Down 26.1% in February

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,400 shares, a decline of 26.1% from the February 13th total of 4,600 shares. Based on an average trading volume of 4,700 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Insiders Place Their Bets

In related news, Director Anthony Scavuzzo acquired 2,807 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were bought at an average price of $15.00 per share, for a total transaction of $42,105.00. Following the acquisition, the director now owns 86,065 shares in the company, valued at $1,290,975. This trade represents a 3.37 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 19.10% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp bought a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned 0.40% of Texas Community Bancshares as of its most recent SEC filing. Institutional investors and hedge funds own 15.83% of the company’s stock.

Texas Community Bancshares Stock Performance

NASDAQ:TCBS opened at $16.25 on Monday. The firm’s 50-day moving average is $15.82 and its 200-day moving average is $15.21. Texas Community Bancshares has a 52-week low of $13.51 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $50.64 million, a price-to-earnings ratio of -22.89 and a beta of -0.01.

Texas Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, March 10th. This represents a $0.16 annualized dividend and a dividend yield of 0.98%. Texas Community Bancshares’s payout ratio is -22.54%.

About Texas Community Bancshares

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.