Texas Community Bancshares (NASDAQ:TCBS) Trading Up 0.2% – What’s Next?

Texas Community Bancshares, Inc. (NASDAQ:TCBS) were up 0.2% on Friday . The company traded as high as $17.30 and last traded at $17.2250. Approximately 15,511 shares traded hands during mid-day trading, an increase of 296% from the average daily volume of 3,919 shares. The stock had previously closed at $17.19.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Texas Community Bancshares Stock Performance

The company has a market capitalization of $49.78 million, a P/E ratio of 15.82 and a beta of -0.02. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $16.94 and its two-hundred day simple moving average is $16.83.

Texas Community Bancshares (NASDAQ:TCBS) last announced its earnings results on Wednesday, March 25th. The company reported $0.31 earnings per share for the quarter. The company had revenue of $4.32 million during the quarter. Texas Community Bancshares had a net margin of 11.79% and a return on equity of 5.66%.

Texas Community Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. This is a positive change from Texas Community Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, June 2nd. Texas Community Bancshares’s payout ratio is presently 22.02%.

Institutional Investors Weigh In On Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC increased its holdings in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,781 shares of the company’s stock after buying an additional 3,271 shares during the period. Geode Capital Management LLC owned 0.62% of Texas Community Bancshares worth $302,000 at the end of the most recent quarter. 15.83% of the stock is currently owned by institutional investors.

About Texas Community Bancshares

Texas Community Bancshares, Inc (NASDAQ: TCBS) is the bank holding company for Texas Community Bank, a state-chartered commercial bank headquartered in Harlingen, Texas. Through its wholly owned banking subsidiary, the company delivers community banking services across the Rio Grande Valley region of South Texas, focusing on relationship-driven banking and locally empowered decision making.

The company’s core offerings include a broad range of deposit products—such as checking, savings and money market accounts—and consumer and commercial lending solutions.