Texas Community Bancshares (NASDAQ:TCBS) Issues Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) announced its quarterly earnings results on Tuesday. The company reported $0.35 EPS for the quarter, Zacks reports. Texas Community Bancshares had a return on equity of 5.66% and a net margin of 11.79%.

Texas Community Bancshares Trading Up 0.2%

Shares of TCBS stock traded up $0.04 on Tuesday, hitting $17.30. 3,790 shares of the company’s stock traded hands, compared to its average volume of 2,473. The company’s fifty day simple moving average is $17.48 and its 200 day simple moving average is $17.14. Texas Community Bancshares has a one year low of $15.72 and a one year high of $20.00. The stock has a market capitalization of $50.00 million, a price-to-earnings ratio of 15.89 and a beta of -0.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.94 and a current ratio of 0.94.

Texas Community Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 2nd. This is an increase from Texas Community Bancshares’s previous quarterly dividend of $0.05. Texas Community Bancshares’s dividend payout ratio (DPR) is currently 22.02%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Texas Community Bancshares in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Texas Community Bancshares presently has a consensus 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 increased its position in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the 2nd quarter, according to the company in its most recent Form 13F filing 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 period. Geode Capital Management LLC owned 0.62% of Texas Community Bancshares worth $302,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.83% of the company’s stock.

Texas Community Bancshares Company Profile

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.