TC Bancshares, Inc. (NASDAQ:TCBC) Short Interest Update

TC Bancshares, Inc. (NASDAQ:TCBC) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 10,600 shares, a decrease of 19.7% from the March 15th total of 13,200 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average trading volume of 9,000 shares, the days-to-cover ratio is currently 1.2 days.

TC Bancshares Stock Up 0.7 %

TC Bancshares stock opened at $13.68 on Monday. The firm has a market capitalization of $59.10 million, a price-to-earnings ratio of 228.00 and a beta of 0.05. The company’s 50 day simple moving average is $13.69 and its 200 day simple moving average is $13.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.08 and a quick ratio of 1.08. TC Bancshares has a fifty-two week low of $12.35 and a fifty-two week high of $15.33.

TC Bancshares (NASDAQ:TCBC) last announced its quarterly earnings results on Friday, March 22nd. The company reported ($0.02) earnings per share for the quarter. TC Bancshares had a return on equity of 0.32% and a net margin of 1.21%. The firm had revenue of $3.60 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allen Mooney & Barnes Investment Advisors LLC bought a new position in shares of TC Bancshares during the 3rd quarter valued at about $925,000. Vanguard Group Inc. raised its holdings in TC Bancshares by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 193,109 shares of the company’s stock worth $2,777,000 after buying an additional 30,009 shares during the period. Northern Trust Corp bought a new position in TC Bancshares in the fourth quarter valued at approximately $199,000. Oppenheimer & Close LLC boosted its holdings in shares of TC Bancshares by 18.4% in the third quarter. Oppenheimer & Close LLC now owns 43,000 shares of the company’s stock valued at $585,000 after buying an additional 6,680 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of TC Bancshares by 16.0% during the second quarter. Geode Capital Management LLC now owns 35,966 shares of the company’s stock worth $514,000 after acquiring an additional 4,974 shares in the last quarter. 23.56% of the stock is owned by institutional investors and hedge funds.

TC Bancshares Company Profile

TC Bancshares, Inc operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit.