Texas Community Bancshares, Inc. (NASDAQ:TCBS - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,200 shares, a decline of 35.3% from the February 28th total of 3,400 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.
Hedge Funds Weigh In On Texas Community Bancshares
A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp bought a new position in Texas Community Bancshares, Inc. (NASDAQ:TCBS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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. 15.83% of the stock is currently owned by institutional investors and hedge funds.
Texas Community Bancshares Stock Performance
Shares of NASDAQ TCBS traded down $0.19 during trading hours on Wednesday, reaching $16.05. The stock had a trading volume of 939 shares, compared to its average volume of 3,445. Texas Community Bancshares has a twelve month low of $13.51 and a twelve month high of $17.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The business's fifty day moving average is $16.07 and its two-hundred day moving average is $15.36. The company has a market cap of $50.01 million, a price-to-earnings ratio of -22.61 and a beta of -0.01.
Texas Community Bancshares (NASDAQ:TCBS - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $3.93 million during the quarter. Texas Community Bancshares had a negative net margin of 10.81% and a negative return on equity of 4.11%.
Texas Community Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, March 10th. Texas Community Bancshares's payout ratio is -36.36%.
Texas Community Bancshares Company Profile
(
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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.
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