Texas Community Bancshares (NASDAQ:TCBS) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Texas Community Bancshares, Inc. (NASDAQ:TCBS) shares crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $17.21 and traded as high as $17.25. Texas Community Bancshares shares last traded at $17.3260, with a volume of 5,905 shares trading hands.

Wall Street Analyst Weigh In

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

Texas Community Bancshares Trading Up 0.7%

The company has a market cap of $49.78 million, a price-to-earnings ratio of 14.33 and a beta of -0.01. The company’s 50 day moving average price is $17.21 and its 200 day moving average price is $17.16. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.96.

Texas Community Bancshares (NASDAQ:TCBS) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $4.41 million during the quarter. Texas Community Bancshares had a net margin of 12.68% and a return on equity of 6.14%.

Texas Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 8th. Texas Community Bancshares’s dividend payout ratio (DPR) is 19.83%.

Institutional Trading of Texas Community Bancshares

A hedge fund recently bought a new position in Texas Community Bancshares stock. EP Wealth Advisors LLC purchased a new position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 52,677 shares of the company’s stock, valued at approximately $927,000. EP Wealth Advisors LLC owned approximately 1.82% of Texas Community Bancshares as of its most recent filing with the SEC. 15.83% of the stock is currently owned by hedge funds and other institutional investors.

About Texas Community Bancshares

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.

The bank emphasizes relationship-based banking and serves communities through branch locations and other delivery channels in its East Texas market.