Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Drops By 14.8%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 4,600 shares, a decrease of 14.8% from the January 31st total of 5,400 shares. Based on an average daily trading volume, of 3,900 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the shares of the company are sold short.

Texas Community Bancshares Price Performance

Shares of TCBS opened at $16.47 on Friday. Texas Community Bancshares has a fifty-two week low of $13.30 and a fifty-two week high of $17.50. The company has a market capitalization of $51.31 million, a price-to-earnings ratio of -23.19 and a beta of 0.01. The firm has a 50-day simple moving average of $15.69 and a 200-day simple moving average of $15.09. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95.

Texas Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.16 dividend on an annualized basis and a yield of 0.97%. Texas Community Bancshares’s payout ratio is currently -22.54%.

Insider Transactions at Texas Community Bancshares

In other Texas Community Bancshares news, Director Anthony Scavuzzo bought 2,807 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average price of $15.00 per share, for a total transaction of $42,105.00. Following the completion of the purchase, the director now owns 86,065 shares of the company’s stock, valued at approximately $1,290,975. This represents a 3.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 19.10% of the company’s stock.

Institutional Investors Weigh In On Texas Community Bancshares

An institutional investor recently bought a new position in Texas Community Bancshares stock. Northern Trust Corp acquired a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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. 15.83% of the stock is owned by hedge funds and other institutional investors.

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.