Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Update

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 2,200 shares, a drop of 35.3% from the February 28th total of 3,400 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp purchased a new position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned about 0.40% of Texas Community Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 15.83% of the company’s stock.

Texas Community Bancshares Price Performance

TCBS stock traded up $0.09 during midday trading on Monday, reaching $16.12. 3,068 shares of the stock were exchanged, compared to its average volume of 3,445. The company has a fifty day moving average price of $16.04 and a 200 day moving average price of $15.34. The stock has a market capitalization of $50.23 million, a PE ratio of -22.70 and a beta of -0.01. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. Texas Community Bancshares has a 52 week low of $13.51 and a 52 week high of $17.50.

Texas Community Bancshares (NASDAQ:TCBS) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.16 earnings per share for the quarter. Texas Community Bancshares had a negative net margin of 10.81% and a negative return on equity of 4.11%. The business had revenue of $3.93 million during the quarter.

Texas Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.16 annualized dividend and a yield of 0.99%. Texas Community Bancshares’s dividend payout ratio is presently -22.54%.

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.