Texas Community Bancshares (NASDAQ:TCBS) Stock Price Up 2% – Here’s Why

Texas Community Bancshares, Inc. (NASDAQ:TCBS) rose 2% on Wednesday . The company traded as high as $15.94 and last traded at $15.94. Approximately 904 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 4,139 shares. The stock had previously closed at $15.63.

Texas Community Bancshares Stock Performance

The business has a 50 day moving average price of $15.28 and a two-hundred day moving average price of $14.78. The stock has a market cap of $48.89 million, a P/E ratio of -22.07 and a beta of 0.01. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20.

Texas Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Thursday, December 12th. Texas Community Bancshares’s dividend payout ratio (DPR) is currently -22.53%.

Insider Transactions at Texas Community Bancshares

In other news, Director Anthony Scavuzzo acquired 2,807 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $15.00 per share, with a total value of $42,105.00. Following the acquisition, the director now directly owns 86,065 shares of the company’s stock, valued at approximately $1,290,975. The trade was a 3.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 19.10% of the company’s stock.

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.