Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Drops By 18.2%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 1,800 shares, a decrease of 18.2% from the March 15th total of 2,200 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Texas Community Bancshares Stock Performance

Shares of NASDAQ:TCBS traded down $0.59 on Monday, hitting $15.11. The company’s stock had a trading volume of 3,548 shares, compared to its average volume of 3,577. Texas Community Bancshares has a 12 month low of $13.51 and a 12 month high of $17.50. The stock’s 50-day moving average is $16.14 and its two-hundred day moving average is $15.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $46.27 million, a price-to-earnings ratio of -21.28 and a beta of 0.03.

Texas Community Bancshares (NASDAQ:TCBS) last issued its quarterly earnings results on Thursday, March 27th. The company reported $0.16 earnings per share (EPS) for the quarter. Texas Community Bancshares had a negative return on equity of 4.11% and a negative net margin of 10.81%. The firm had revenue of $3.93 million during the quarter.

Texas Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.04 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.16 annualized dividend and a yield of 1.06%. Texas Community Bancshares’s dividend payout ratio (DPR) is -36.36%.

Institutional Investors Weigh In On Texas Community Bancshares

An institutional investor recently bought a new position in Texas Community Bancshares stock. Northern Trust Corp purchased a new position in Texas Community Bancshares, Inc. (NASDAQ:TCBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned approximately 0.40% of Texas Community Bancshares at the end of the most recent quarter. Institutional investors own 15.83% of the company’s stock.

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.