Tectonic Financial (NASDAQ:TECTP) Trading 1.1% Higher – Should You Buy?

Tectonic Financial, Inc. (NASDAQ:TECTP)’s stock price rose 1.1% during trading on Monday . The company traded as high as $10.45 and last traded at $10.52. Approximately 551 shares traded hands during trading, a decline of 85% from the average daily volume of 3,583 shares. The stock had previously closed at $10.41.

Tectonic Financial Trading Up 0.1 %

The company’s 50-day simple moving average is $10.45 and its two-hundred day simple moving average is $10.41.

Tectonic Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th were issued a dividend of $0.3036 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 11.45%.

About Tectonic Financial

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.