Texas Community Bancshares, Inc. (NASDAQ:TCBS) Sees Significant Growth in Short Interest

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 9,600 shares, a growth of 47.7% from the November 15th total of 6,500 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 4.8 days.

Texas Community Bancshares Trading Down 0.2 %

Shares of TCBS stock traded down $0.03 during midday trading on Friday, reaching $15.02. 18,104 shares of the company traded hands, compared to its average volume of 2,860. Texas Community Bancshares has a 1-year low of $12.35 and a 1-year high of $15.24. The firm’s 50 day simple moving average is $14.92 and its two-hundred day simple moving average is $14.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95.

Texas Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 12th. Texas Community Bancshares’s dividend payout ratio (DPR) is -22.53%.

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.