Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Drops By 14.8%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 4,600 shares, a decrease of 14.8% from the January 31st total of 5,400 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 3,900 shares, the days-to-cover ratio is presently 1.2 days.

Texas Community Bancshares Stock Performance

NASDAQ:TCBS opened at $16.47 on Friday. The firm has a market capitalization of $51.31 million, a PE ratio of -23.19 and a beta of 0.01. The business’s fifty day moving average price is $15.69 and its 200 day moving average price is $15.09. 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 12 month low of $13.30 and a 12 month high of $17.50.

Texas Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, March 10th. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -22.54%.

Insider Activity at Texas Community Bancshares

In other Texas Community Bancshares news, Director Anthony Scavuzzo bought 2,807 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of $15.00 per share, with a total value of $42,105.00. Following the completion of the acquisition, the director now directly owns 86,065 shares of the company’s stock, valued at $1,290,975. This represents a 3.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 19.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Texas Community Bancshares

A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp acquired a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned approximately 0.40% of Texas Community Bancshares at the end of the most recent reporting period. Institutional investors own 15.83% of the company’s stock.

About Texas Community Bancshares

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.