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

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,700 shares, a decrease of 28.8% from the December 15th total of 8,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 3,400 shares, the short-interest ratio is currently 1.7 days.

Insider Buying and Selling at Texas Community Bancshares

In other Texas Community Bancshares news, Director Anthony Scavuzzo acquired 2,807 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average price of $15.00 per share, with a total value of $42,105.00. Following the transaction, the director now directly owns 86,065 shares in the company, valued at approximately $1,290,975. The trade was a 3.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 19.10% of the stock is owned by corporate insiders.

Texas Community Bancshares Stock Performance

NASDAQ TCBS remained flat at $15.30 on Thursday. The company had a trading volume of 2,825 shares, compared to its average volume of 3,842. The business has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $14.62. Texas Community Bancshares has a 12 month low of $13.11 and a 12 month high of $15.63. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20. The firm has a market cap of $47.74 million and a P/E ratio of -21.55.

Texas Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Thursday, December 12th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.05%. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -22.53%.

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.