Weiss Ratings Reiterates “Hold (C)” Rating for Texas Community Bancshares (NASDAQ:TCBS)

Texas Community Bancshares (NASDAQ:TCBS)‘s stock had its “hold (c)” rating reiterated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Texas Community Bancshares Price Performance

Texas Community Bancshares stock opened at $16.05 on Friday. Texas Community Bancshares has a one year low of $14.79 and a one year high of $19.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 0.95. The business has a fifty day moving average of $16.22 and a two-hundred day moving average of $16.00. The company has a market cap of $47.65 million, a P/E ratio of 20.57 and a beta of 0.06.

Texas Community Bancshares (NASDAQ:TCBS) last released its earnings results on Thursday, August 7th. The company reported $0.23 EPS for the quarter. Texas Community Bancshares had a return on equity of 4.47% and a net margin of 9.50%.The company had revenue of $3.75 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC lifted its position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,781 shares of the company’s stock after buying an additional 3,271 shares during the quarter. Geode Capital Management LLC owned approximately 0.62% of Texas Community Bancshares worth $302,000 at the end of the most recent quarter. Institutional investors own 15.83% of the company’s stock.

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.