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

Texas Community Bancshares, Inc. (NASDAQ:TCBS - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 3,400 shares, a drop of 26.1% from the February 13th total of 4,600 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is presently 0.7 days.

Texas Community Bancshares Stock Performance

NASDAQ TCBS traded up $0.13 during trading on Thursday, reaching $16.33. The company's stock had a trading volume of 397 shares, compared to its average volume of 3,487. The firm has a 50 day moving average price of $15.89 and a 200 day moving average price of $15.25. Texas Community Bancshares has a 12 month low of $13.51 and a 12 month high of $17.50. The firm has a market capitalization of $50.90 million, a price-to-earnings ratio of -23.01 and a beta of -0.01. 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, March 10th. Texas Community Bancshares's dividend payout ratio is currently -22.54%.

Hedge Funds Weigh In On Texas Community Bancshares

A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp acquired a new position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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. Institutional investors and hedge funds own 15.83% of the company's stock.

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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.