Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Declines By 58.6%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 1,200 shares, a drop of 58.6% from the September 30th total of 2,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is currently 0.4 days.

Insider Buying and Selling at Texas Community Bancshares

In other Texas Community Bancshares news, Director Anthony Scavuzzo bought 15,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was bought at an average price of $13.99 per share, for a total transaction of $209,850.00. Following the transaction, the director now owns 83,258 shares of the company’s stock, valued at approximately $1,164,779.42. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Texas Community Bancshares news, SVP Terri Baucum sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $14.26, for a total value of $42,780.00. Following the sale, the senior vice president now directly owns 7,819 shares in the company, valued at approximately $111,498.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anthony Scavuzzo acquired 15,000 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average price of $13.99 per share, with a total value of $209,850.00. Following the transaction, the director now owns 83,258 shares in the company, valued at $1,164,779.42. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 19.10% of the company’s stock.

Texas Community Bancshares Stock Down 0.9 %

Shares of Texas Community Bancshares stock opened at $14.85 on Monday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 0.94. The business has a 50-day moving average of $14.60 and a two-hundred day moving average of $14.32. Texas Community Bancshares has a 1 year low of $11.78 and a 1 year high of $15.24.

Texas Community Bancshares (NASDAQ:TCBS) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 EPS for the quarter. The business had revenue of $3.58 million for the quarter. Texas Community Bancshares had a negative net margin of 11.48% and a negative return on equity of 4.21%.

Texas Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Thursday, September 12th. Texas Community Bancshares’s payout ratio is presently -21.92%.

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.