Texas Community Bancshares (NASDAQ:TCBS) Releases Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) announced its earnings results on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, Zacks reports. Texas Community Bancshares had a net margin of 11.79% and a return on equity of 5.66%.

Texas Community Bancshares Price Performance

Shares of NASDAQ:TCBS traded up $0.04 during midday trading on Tuesday, hitting $17.30. The stock had a trading volume of 3,790 shares, compared to its average volume of 2,473. The company’s 50-day moving average price is $17.48 and its 200-day moving average price is $17.14. The company has a market capitalization of $50.00 million, a P/E ratio of 15.89 and a beta of -0.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77. Texas Community Bancshares has a fifty-two week low of $15.72 and a fifty-two week high of $20.00.

Texas Community Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.24 annualized dividend and a yield of 1.4%. This is an increase from Texas Community Bancshares’s previous quarterly dividend of $0.05. Texas Community Bancshares’s payout ratio is 22.02%.

Institutional Investors Weigh In On Texas Community Bancshares

An institutional investor recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC grew its holdings in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,781 shares of the company’s stock after purchasing an additional 3,271 shares during the period. Geode Capital Management LLC owned approximately 0.62% of Texas Community Bancshares worth $302,000 as of its most recent SEC filing. Institutional investors own 15.83% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

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.