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

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

Texas Community Bancshares Trading Down 2.5 %

Shares of Texas Community Bancshares stock traded down $0.43 on Friday, hitting $16.38. The stock had a trading volume of 2,120 shares, compared to its average volume of 4,030. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20. Texas Community Bancshares has a one year low of $13.31 and a one year high of $17.50. The stock has a market cap of $51.02 million, a price-to-earnings ratio of -23.06 and a beta of -0.01. The stock's 50-day simple moving average is $15.72 and its two-hundred day simple moving average is $15.12.

Texas Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, March 10th. Texas Community Bancshares's dividend payout ratio is -22.54%.

Insider Buying and Selling at Texas Community Bancshares

In other news, Director Anthony Scavuzzo bought 2,807 shares of the business's stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $15.00 per share, for a total transaction of $42,105.00. Following the completion of the acquisition, the director now owns 86,065 shares of the company's stock, valued at approximately $1,290,975. This trade represents a 3.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 19.10% of the company's stock.

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Institutional Inflows and Outflows

An institutional investor recently bought a new position 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 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission. Institutional investors and hedge funds own 15.83% of the company's stock.

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.