Texas Community Bancshares (NASDAQ:TCBS) Releases Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) posted its quarterly earnings data on Thursday. The company reported $0.16 earnings per share for the quarter, Zacks reports. Texas Community Bancshares had a negative net margin of 10.81% and a negative return on equity of 4.11%. The business had revenue of $3.93 million during the quarter.

Texas Community Bancshares Price Performance

TCBS stock opened at $16.26 on Friday. The stock has a market capitalization of $50.65 million, a price-to-earnings ratio of -22.89 and a beta of -0.01. 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 52-week low of $13.51 and a 52-week high of $17.50. The stock’s fifty day simple moving average is $16.04 and its 200-day simple moving average is $15.33.

Texas Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Monday, March 10th. Texas Community Bancshares’s dividend payout ratio is presently -22.54%.

About Texas Community Bancshares

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.