Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Increases By 44.4%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,900 shares, a growth of 44.4% from the August 15th total of 2,700 shares. Based on an average daily volume of 2,600 shares, the short-interest ratio is presently 1.5 days. Approximately 0.2% of the shares of the company are short sold.

Texas Community Bancshares Stock Performance

Texas Community Bancshares stock traded down $0.05 on Monday, hitting $14.69. The company’s stock had a trading volume of 6,900 shares, compared to its average volume of 2,752. The company has a fifty day moving average price of $14.04 and a 200-day moving average price of $14.16. The firm has a market cap of $46.83 million, a P/E ratio of -18.36 and a beta of 0.01. Texas Community Bancshares has a one year low of $11.78 and a one year high of $15.24. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.38.

Texas Community Bancshares (NASDAQ:TCBS) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter. Texas Community Bancshares had a negative net margin of 11.48% and a negative return on equity of 4.21%. The company had revenue of $3.58 million during the quarter.

Texas Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.09%. The ex-dividend date is Thursday, September 12th. Texas Community Bancshares’s dividend payout ratio is -20.00%.

Insider Buying and Selling

In other Texas Community Bancshares news, SVP Terri Baucum sold 1,954 shares of Texas Community Bancshares stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $13.75, for a total value of $26,867.50. Following the transaction, the senior vice president now directly owns 10,819 shares of the company’s stock, valued at approximately $148,761.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Texas Community Bancshares news, SVP Terri Baucum sold 1,954 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $13.75, for a total value of $26,867.50. Following the sale, the senior vice president now directly owns 10,819 shares in the company, valued at approximately $148,761.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony Scavuzzo acquired 15,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were bought at an average price of $13.99 per share, for a total transaction of $209,850.00. Following the acquisition, the director now owns 83,258 shares in the company, valued at approximately $1,164,779.42. The disclosure for this purchase can be found here. 19.10% of the stock is owned by insiders.

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.