Texas Community Bancshares, Inc. (NASDAQ:TCBS - Get Free Report)'s stock price fell 1.2% during trading on Thursday . The company traded as low as $16.00 and last traded at $16.25. 735 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 3,432 shares. The stock had previously closed at $16.44.
Texas Community Bancshares Stock Performance
The firm has a market capitalization of $51.46 million, a PE ratio of -23.26 and a beta of 0.01. 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 has a 50-day simple moving average of $15.62 and a 200-day simple moving average of $15.05.
Texas Community Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, March 10th. Texas Community Bancshares's dividend payout ratio is currently -22.54%.
Insider Activity
In other Texas Community Bancshares news, Director Anthony Scavuzzo purchased 2,807 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of $15.00 per share, for a total transaction of $42,105.00. Following the completion of the transaction, the director now owns 86,065 shares of the company's stock, valued at $1,290,975. This trade represents a 3.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 19.10% of the company's stock.
Institutional Trading of Texas Community Bancshares
A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp bought a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS - Free Report) in the fourth quarter, according to its most recent 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 0.40% of Texas Community Bancshares at the end of the most recent quarter. Hedge funds and other institutional investors own 15.83% of the company's stock.
Texas Community Bancshares Company Profile
(
Get Free Report)
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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