Texas Community Bancshares (NASDAQ:TCBS) Stock Price Down 1.2% – What’s Next?

Texas Community Bancshares, Inc. (NASDAQ:TCBS) traded down 1.2% on Thursday . The stock traded as low as $16.00 and last traded at $16.25. 735 shares traded hands during trading, a decline of 79% from the average session volume of 3,432 shares. The stock had previously closed at $16.44.

Texas Community Bancshares Trading Up 2.7 %

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $51.32 million, a PE ratio of -23.20 and a beta of 0.01. The stock has a 50 day moving average price of $15.56 and a 200-day moving average price of $14.99.

Texas Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, March 10th. Texas Community Bancshares’s payout ratio is currently -22.54%.

Insider Transactions at Texas Community Bancshares

In other Texas Community Bancshares news, Director Anthony Scavuzzo bought 2,807 shares of Texas Community Bancshares stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $15.00 per share, with a total value of $42,105.00. Following the completion of the acquisition, the director now owns 86,065 shares in the company, valued at approximately $1,290,975. This represents a 3.37 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 19.10% of the company’s stock.

Institutional Investors Weigh In On Texas Community Bancshares

A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp bought a new stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.83% of the stock is currently owned by hedge funds and other institutional investors.

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.