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

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 3,500 shares, an increase of 75.0% from the May 31st total of 2,000 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is currently 1.8 days. Approximately 0.2% of the shares of the stock are sold short.

Texas Community Bancshares Price Performance

Shares of NASDAQ TCBS remained flat at $14.60 during midday trading on Friday. 218 shares of the company’s stock were exchanged, compared to its average volume of 3,462. The company’s 50 day moving average price is $14.28 and its 200-day moving average price is $14.18. The stock has a market capitalization of $46.57 million and a PE ratio of -18.25. Texas Community Bancshares has a 12-month low of $11.78 and a 12-month high of $15.24. The company has a current ratio of 0.95, a quick ratio of 0.90 and a debt-to-equity ratio of 1.49.

Texas Community Bancshares (NASDAQ:TCBS) last posted its earnings results on Monday, May 13th. The company reported ($0.89) earnings per share for the quarter. The company had revenue of ($0.60) million for the quarter. Texas Community Bancshares had a negative return on equity of 4.51% and a negative net margin of 13.16%.

Texas Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.16 annualized dividend and a dividend yield of 1.10%. Texas Community Bancshares’s dividend payout ratio is -20.00%.

Insider Buying and Selling at Texas Community Bancshares

In other Texas Community Bancshares news, COO Haskell Strange sold 1,900 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $14.30, for a total transaction of $27,170.00. Following the completion of the transaction, the chief operating officer now directly owns 7,873 shares in the company, valued at $112,583.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Texas Community Bancshares news, COO Haskell Strange sold 1,900 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $14.30, for a total transaction of $27,170.00. Following the completion of the transaction, the chief operating officer now directly owns 7,873 shares in the company, valued at $112,583.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony Scavuzzo acquired 7,001 shares of the stock in a transaction on Friday, May 31st. The shares were purchased at an average price of $14.33 per share, with a total value of $100,324.33. Following the completion of the transaction, the director now owns 68,258 shares of the company’s stock, valued at $978,137.14. The disclosure for this purchase can be found here. Insiders sold a total of 7,487 shares of company stock worth $106,209 over the last three months. Corporate insiders own 19.10% of the company’s stock.

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.