Texas Community Bancshares (NASDAQ:TCBS) Trading Down 3.4% – Should You Sell?

Texas Community Bancshares, Inc. (NASDAQ:TCBS)’s stock price fell 3.4% during trading on Monday . The stock traded as low as $16.57 and last traded at $16.57. 6,901 shares changed hands during mid-day trading, an increase of 367% from the average session volume of 1,476 shares. The stock had previously closed at $17.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Texas Community Bancshares Stock Down 3.4%

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 0.89. The company’s 50-day moving average price is $16.76 and its 200 day moving average price is $16.33. The stock has a market capitalization of $48.22 million, a P/E ratio of 19.49 and a beta of 0.04.

Texas Community Bancshares (NASDAQ:TCBS) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $4.40 million during the quarter. Texas Community Bancshares had a return on equity of 4.77% and a net margin of 9.98%.

Texas Community Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 2nd were given a dividend of $0.05 per share. This is an increase from Texas Community Bancshares’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Tuesday, December 2nd. Texas Community Bancshares’s dividend payout ratio (DPR) is 23.53%.

Texas Community Bancshares announced that its board has initiated a stock repurchase program on Tuesday, December 16th that allows the company to buyback $140,000.00 in shares. This buyback authorization allows the company to reacquire up to 0.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC raised its stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,781 shares of the company’s stock after buying an additional 3,271 shares during the quarter. Geode Capital Management LLC owned about 0.62% of Texas Community Bancshares worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 15.83% of the company’s stock.

About Texas Community Bancshares

Texas Community Bancshares, Inc (NASDAQ: TCBS) is the bank holding company for Texas Community Bank, a state-chartered commercial bank headquartered in Harlingen, Texas. Through its wholly owned banking subsidiary, the company delivers community banking services across the Rio Grande Valley region of South Texas, focusing on relationship-driven banking and locally empowered decision making.

The company’s core offerings include a broad range of deposit products—such as checking, savings and money market accounts—and consumer and commercial lending solutions.