Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Increases By 47.7%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 9,600 shares, an increase of 47.7% from the November 15th total of 6,500 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 4.8 days.

Texas Community Bancshares Price Performance

Shares of TCBS remained flat at $15.05 during trading hours on Friday. The stock had a trading volume of 18,561 shares, compared to its average volume of 2,862. Texas Community Bancshares has a 52 week low of $12.35 and a 52 week high of $15.24. The stock has a fifty day simple moving average of $14.92 and a two-hundred day simple moving average of $14.51. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $46.90 million, a price-to-earnings ratio of -21.20 and a beta of 0.01.

Texas Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.06%. Texas Community Bancshares’s dividend payout ratio (DPR) 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.