Tectonic Financial (NASDAQ:TECTP) Trading Down 0.1% – What’s Next?

Tectonic Financial, Inc. (NASDAQ:TECTP)’s stock price traded down 0.1% during mid-day trading on Friday . The stock traded as low as $10.38 and last traded at $10.39. 3,500 shares traded hands during trading, an increase of 25% from the average session volume of 2,800 shares. The stock had previously closed at $10.40.

Tectonic Financial Price Performance

The stock has a fifty day moving average price of $10.38 and a 200 day moving average price of $10.35.

Tectonic Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Tuesday, November 5th were paid a dividend of $0.3092 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $1.24 annualized dividend and a yield of 11.90%.

Tectonic Financial Company Profile

Tectonic Financial, Inc, a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services.