Texas Community Bancshares (NASDAQ:TCBS) Releases Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) released its quarterly earnings data on Friday. The company reported $0.42 earnings per share (EPS) for the quarter, Zacks reports. Texas Community Bancshares had a net margin of 11.11% and a return on equity of 5.34%.

Texas Community Bancshares Stock Performance

Shares of TCBS traded down $0.01 during trading hours on Friday, hitting $16.87. The company’s stock had a trading volume of 665 shares, compared to its average volume of 2,066. The business has a 50 day simple moving average of $17.04 and a two-hundred day simple moving average of $16.64. The company has a market cap of $48.76 million, a price-to-earnings ratio of 16.89 and a beta of 0.02. Texas Community Bancshares has a 52-week low of $15.09 and a 52-week high of $20.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.96 and a quick ratio of 0.96.

Texas Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.20 annualized dividend and a yield of 1.2%. Texas Community Bancshares’s dividend payout ratio is presently 20.00%.

Hedge Funds Weigh In On Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC raised 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 Securities & Exchange Commission. The institutional investor owned 18,781 shares of the company’s stock after acquiring an additional 3,271 shares during the period. Geode Capital Management LLC owned approximately 0.62% of Texas Community Bancshares worth $302,000 at the end of the most recent reporting period. 15.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Texas Community Bancshares in a report on Tuesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average 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.