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

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,400 shares, a decline of 26.1% from the February 13th total of 4,600 shares. Based on an average trading volume of 4,700 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are short sold.

Texas Community Bancshares Trading Up 0.5 %

Shares of TCBS traded up $0.08 during midday trading on Tuesday, hitting $16.33. The stock had a trading volume of 1,814 shares, compared to its average volume of 3,479. The stock’s 50 day moving average is $15.84 and its 200 day moving average is $15.22. The firm has a market cap of $50.87 million, a PE ratio of -22.99 and a beta of -0.01. 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 1 year low of $13.51 and a 1 year high of $17.50.

Texas Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.98%. The ex-dividend date is Monday, March 10th. Texas Community Bancshares’s payout ratio is currently -22.54%.

Hedge Funds Weigh In On Texas Community Bancshares

An institutional investor recently bought a new position in Texas Community Bancshares stock. Northern Trust Corp purchased a new stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned approximately 0.40% of Texas Community Bancshares as of its most recent filing with the Securities & Exchange Commission. 15.83% of the stock is owned by institutional investors and hedge funds.

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.