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

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 5,700 shares, a drop of 28.8% from the December 15th total of 8,000 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.3% of the shares of the stock are short sold.

Insider Buying and Selling at Texas Community Bancshares

In related news, Director Anthony Scavuzzo bought 2,807 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $15.00 per share, with a total value of $42,105.00. Following the completion of the purchase, the director now owns 86,065 shares of the company’s stock, valued at approximately $1,290,975. The trade was a 3.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 19.10% of the company’s stock.

Texas Community Bancshares Price Performance

Shares of Texas Community Bancshares stock remained flat at $15.30 during trading on Thursday. The stock had a trading volume of 2,825 shares, compared to its average volume of 3,842. The firm has a market cap of $47.74 million and a P/E ratio of -21.55. The firm’s 50-day moving average price is $15.03 and its two-hundred day moving average price is $14.62. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. Texas Community Bancshares has a 52-week low of $13.11 and a 52-week high of $15.63.

Texas Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Thursday, December 12th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.05%. Texas Community Bancshares’s dividend payout ratio is currently -22.53%.

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.