Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Up 123.2% in June

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 6,087 shares, a growth of 123.2% from the May 31st total of 2,727 shares. Based on an average daily volume of 6,315 shares, the short-interest ratio is currently 1.0 days. Currently, 0.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Texas Community Bancshares in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Texas Community Bancshares currently has an average rating of “Hold”.

Institutional Investors Weigh In On Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC grew its holdings in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,781 shares of the company’s stock after purchasing an additional 3,271 shares during the quarter. Geode Capital Management LLC owned about 0.62% of Texas Community Bancshares worth $302,000 at the end of the most recent reporting period. 15.83% of the stock is currently owned by institutional investors and hedge funds.

Texas Community Bancshares Trading Up 2.0%

TCBS stock traded up $0.35 during midday trading on Wednesday, hitting $17.95. The stock had a trading volume of 646 shares, compared to its average volume of 2,768. The business has a fifty day moving average price of $17.00 and a two-hundred day moving average price of $16.98. Texas Community Bancshares has a 1-year low of $15.10 and a 1-year high of $20.00. The firm has a market cap of $51.88 million, a P/E ratio of 16.48 and a beta of -0.02. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.77.

Texas Community Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.3%. This is an increase from Texas Community Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Community Bancshares’s payout ratio is presently 22.02%.

About Texas Community Bancshares

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.