Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Update

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,800 shares, a drop of 18.2% from the March 15th total of 2,200 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Texas Community Bancshares

An institutional investor recently bought a new position in Texas Community Bancshares stock. Northern Trust Corp acquired a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 SEC filing. Hedge funds and other institutional investors own 15.83% of the company’s stock.

Texas Community Bancshares Stock Down 3.8 %

Shares of TCBS stock traded down $0.59 on Monday, hitting $15.11. The stock had a trading volume of 3,548 shares, compared to its average volume of 3,577. The stock’s 50 day moving average is $16.14 and its 200-day moving average is $15.48. The firm has a market capitalization of $46.27 million, a price-to-earnings ratio of -21.28 and a beta of 0.03. Texas Community Bancshares has a 52-week low of $13.51 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95.

Texas Community Bancshares (NASDAQ:TCBS) last announced its earnings results on Thursday, March 27th. The company reported $0.16 earnings per share (EPS) for the quarter. Texas Community Bancshares had a negative return on equity of 4.11% and a negative net margin of 10.81%. The business had revenue of $3.93 million for the quarter.

Texas Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.16 annualized dividend and a yield of 1.06%. Texas Community Bancshares’s dividend payout ratio is presently -36.36%.

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.