Texas Community Bancshares, Inc. (NASDAQ:TCBS) Increases Dividend to $0.06 Per Share

Texas Community Bancshares, Inc. (NASDAQ:TCBSGet Free Report) announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Tuesday, June 2nd will be given a dividend of 0.06 per share on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, June 2nd. This is a 20.0% increase from Texas Community Bancshares’s previous quarterly dividend of $0.05.

Texas Community Bancshares Price Performance

NASDAQ TCBS opened at $16.58 on Wednesday. Texas Community Bancshares has a 52 week low of $15.10 and a 52 week high of $20.00. The firm has a market capitalization of $47.90 million, a P/E ratio of 15.22 and a beta of -0.01. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $17.07 and a 200-day moving average price of $16.73.

Texas Community Bancshares (NASDAQ:TCBSGet Free Report) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.31 EPS for the quarter. Texas Community Bancshares had a net margin of 11.79% and a return on equity of 5.66%. The firm had revenue of $4.32 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a report on Tuesday, April 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Texas Community Bancshares presently has a consensus rating of “Hold”.

View Our Latest Stock Report on Texas Community Bancshares

Texas Community Bancshares Company Profile

(Get Free Report)

Texas Community Bancshares, Inc (NASDAQ: TCBS) is the bank holding company for Texas Community Bank, a state-chartered commercial bank headquartered in Harlingen, Texas. Through its wholly owned banking subsidiary, the company delivers community banking services across the Rio Grande Valley region of South Texas, focusing on relationship-driven banking and locally empowered decision making.

The company’s core offerings include a broad range of deposit products—such as checking, savings and money market accounts—and consumer and commercial lending solutions.

See Also

Dividend History for Texas Community Bancshares (NASDAQ:TCBS)

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