Texas Community Bancshares (NASDAQ:TCBS) Announces Quarterly Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) issued its earnings results on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, Zacks reports. Texas Community Bancshares had a net margin of 12.68% and a return on equity of 6.14%.

Texas Community Bancshares Stock Performance

Shares of Texas Community Bancshares stock traded up $0.10 during trading hours on Tuesday, reaching $17.25. 2,994 shares of the stock traded hands, compared to its average volume of 2,549. Texas Community Bancshares has a one year low of $15.72 and a one year high of $20.00. The firm has a market capitalization of $49.51 million, a price-to-earnings ratio of 14.27 and a beta of -0.01. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average price of $17.21 and a 200 day moving average price of $17.17.

Texas Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were 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%. The ex-dividend date was Tuesday, September 8th. Texas Community Bancshares’s payout ratio is currently 19.83%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Texas Community Bancshares in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Texas Community Bancshares Company Profile

Texas Community Bancshares, Inc. (NASDAQ: TCBS) is a bank holding company headquartered in Mineola, Texas. The company operates through its wholly owned subsidiary, Mineola Community Bank, SSB, a community-oriented financial institution serving customers in East Texas. Mineola Community Bank provides traditional banking products and services for individuals, families, farmers, and businesses. Its offerings include deposit accounts, consumer and commercial loans, mortgage lending, agricultural financing, and digital banking services.