Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Drops By 33.3%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 1,800 shares, a drop of 33.3% from the June 30th total of 2,700 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 1,900 shares, the short-interest ratio is currently 0.9 days.

Insiders Place Their Bets

In related news, Director Anthony Scavuzzo purchased 7,001 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were acquired at an average price of $14.33 per share, for a total transaction of $100,324.33. Following the completion of the acquisition, the director now directly owns 68,258 shares in the company, valued at approximately $978,137.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Haskell Strange sold 1,900 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $14.30, for a total value of $27,170.00. Following the sale, the chief operating officer now directly owns 7,873 shares of the company’s stock, valued at $112,583.90. The sale was disclosed in a legal filing with the SEC, which is available 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 cost of $14.33 per share, with a total value of $100,324.33. Following the transaction, the director now directly owns 68,258 shares of the company’s stock, valued at approximately $978,137.14. The disclosure for this purchase can be found here. Insiders have sold a total of 7,487 shares of company stock valued at $106,209 in the last quarter. Insiders own 19.10% of the company’s stock.

Texas Community Bancshares Stock Down 2.8 %

Shares of Texas Community Bancshares stock opened at $13.75 on Friday. Texas Community Bancshares has a 1 year low of $11.78 and a 1 year high of $15.24. The firm has a market cap of $43.86 million and a price-to-earnings ratio of -17.19. The company has a 50-day moving average of $14.29 and a 200 day moving average of $14.21. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick ratio of 0.90.

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

Texas Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, June 14th. Texas Community Bancshares’s dividend payout ratio (DPR) is -20.00%.

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.