Texas Community Bancshares, Inc. (NASDAQ:TCBS) Sees Large Decrease in Short Interest

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 2,200 shares, a decline of 35.3% from the February 28th total of 3,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Texas Community Bancshares

An institutional investor recently bought a new position in Texas Community Bancshares stock. Northern Trust Corp bought a new position in Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned approximately 0.40% of Texas Community Bancshares at the end of the most recent quarter. 15.83% of the stock is owned by hedge funds and other institutional investors.

Texas Community Bancshares Stock Up 1.4 %

Shares of TCBS stock opened at $16.26 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20. Texas Community Bancshares has a 12 month low of $13.51 and a 12 month high of $17.50. The stock has a market cap of $50.65 million, a P/E ratio of -22.89 and a beta of -0.01. The company has a 50 day simple moving average of $16.04 and a two-hundred day simple moving average of $15.33.

Texas Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.04 per share. The ex-dividend date was Monday, March 10th. This represents a $0.16 annualized dividend and a yield of 0.98%. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -22.54%.

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.