Texas Community Bancshares (NASDAQ:TCBS) Stock Price Up 0.9% – Still a Buy?

Texas Community Bancshares, Inc. (NASDAQ:TCBS) traded up 0.9% on Friday . The company traded as high as $16.70 and last traded at $16.8050. 153 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 1,561 shares. The stock had previously closed at $16.65.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Texas Community Bancshares Stock Performance

The company has a market capitalization of $48.57 million, a price-to-earnings ratio of 15.43 and a beta of -0.01. The stock has a fifty day moving average price of $17.06 and a two-hundred day moving average price of $16.72. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77.

Texas Community Bancshares (NASDAQ:TCBS) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.31 earnings per share for the quarter. Texas Community Bancshares had a return on equity of 5.66% and a net margin of 11.79%.The company had revenue of $4.32 million during the quarter.

Texas Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, March 10th. Texas Community Bancshares’s dividend payout ratio is presently 18.35%.

Hedge Funds Weigh In On Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC boosted its holdings in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,781 shares of the company’s stock after purchasing 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 filing with the Securities and Exchange Commission. Institutional investors own 15.83% of the company’s stock.

About Texas Community Bancshares

Texas Community Bancshares, Inc (NASDAQ: TCBS) is the bank holding company for Texas Community Bank, a state-chartered commercial bank headquartered in Harlingen, Texas. Through its wholly owned banking subsidiary, the company delivers community banking services across the Rio Grande Valley region of South Texas, focusing on relationship-driven banking and locally empowered decision making.

The company’s core offerings include a broad range of deposit products—such as checking, savings and money market accounts—and consumer and commercial lending solutions.