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

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 4,600 shares, a drop of 14.8% from the January 31st total of 5,400 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is currently 1.2 days.

Insider Buying and Selling

In other Texas Community Bancshares news, Director Anthony Scavuzzo acquired 2,807 shares of Texas Community Bancshares stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $15.00 per share, for a total transaction of $42,105.00. Following the acquisition, the director now owns 86,065 shares of the company’s stock, valued at $1,290,975. This represents a 3.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 19.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

Texas Community Bancshares Trading Up 2.5 %

Shares of NASDAQ:TCBS opened at $16.52 on Wednesday. The stock has a market capitalization of $51.46 million, a price-to-earnings ratio of -23.26 and a beta of 0.01. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95. The stock’s 50-day simple moving average is $15.65 and its two-hundred day simple moving average is $15.07. Texas Community Bancshares has a 52-week low of $13.11 and a 52-week high of $17.19.

Texas Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.16 annualized dividend and a yield of 0.97%. Texas Community Bancshares’s payout ratio is -22.54%.

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.