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

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,800 shares, a decline of 18.2% from the March 15th total of 2,200 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

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 position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned 0.40% of Texas Community Bancshares as of its most recent filing with the Securities and Exchange Commission. 15.83% of the stock is currently owned by institutional investors.

Texas Community Bancshares Price Performance

TCBS opened at $15.11 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50 day simple moving average is $16.12 and its 200-day simple moving average is $15.48. Texas Community Bancshares has a one year low of $13.51 and a one year high of $17.50. The stock has a market capitalization of $46.27 million, a P/E ratio of -21.28 and a beta of 0.03.

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

Texas Community Bancshares Dividend Announcement

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

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.