Northern Trust Corp Purchases Shares of 12,452 Texas Community Bancshares, Inc. (NASDAQ:TCBS)

Northern Trust Corp acquired a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned about 0.40% of Texas Community Bancshares as of its most recent SEC filing.

Insider Activity at Texas Community Bancshares

In other news, CFO Julie Sharff sold 2,127 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $15.75, for a total value of $33,500.25. Following the sale, the chief financial officer now directly owns 12,600 shares of the company’s stock, valued at approximately $198,450. This represents a 14.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 4,719 shares of company stock valued at $74,324. Insiders own 19.50% of the company’s stock.

Texas Community Bancshares Stock Performance

Shares of TCBS opened at $16.01 on Tuesday. The stock has a market capitalization of $48.73 million, a price-to-earnings ratio of -22.55 and a beta of 0.03. Texas Community Bancshares, Inc. has a 12 month low of $13.51 and a 12 month high of $17.50. The firm has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $15.62. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20.

Texas Community Bancshares (NASDAQ:TCBS) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.22 EPS for the quarter. The firm had revenue of $3.79 million for the quarter. Texas Community Bancshares had a negative net margin of 10.81% and a negative return on equity of 4.11%.

Texas Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, June 5th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.16 annualized dividend and a yield of 1.00%. Texas Community Bancshares’s payout ratio is presently 23.88%.

About Texas Community Bancshares

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.