Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Up 47.4% in September

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,800 shares, an increase of 47.4% from the August 31st total of 1,900 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC boosted its stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,781 shares of the company’s stock after buying an additional 3,271 shares during the quarter. Geode Capital Management LLC owned approximately 0.62% of Texas Community Bancshares worth $302,000 as of its most recent SEC filing. 15.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Texas Community Bancshares in a report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Texas Community Bancshares has an average rating of “Hold”.

Texas Community Bancshares Stock Performance

TCBS opened at $16.14 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. The company’s fifty day moving average price is $16.17 and its two-hundred day moving average price is $16.00. Texas Community Bancshares has a 1-year low of $14.79 and a 1-year high of $19.40. The company has a market cap of $47.94 million, a price-to-earnings ratio of 20.69 and a beta of 0.06.

Texas Community Bancshares (NASDAQ:TCBS) last posted its earnings results on Thursday, August 7th. The company reported $0.23 EPS for the quarter. The company had revenue of $3.75 million during the quarter. Texas Community Bancshares had a net margin of 9.50% and a return on equity of 4.47%.

Texas Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, September 11th. Texas Community Bancshares’s dividend payout ratio (DPR) is currently 20.51%.

About Texas Community Bancshares

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.