Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Rises By 132.1%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,500 shares, an increase of 132.1% from the October 31st total of 2,800 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is presently 2.8 days.

Insiders Place Their Bets

In other news, SVP Terri Baucum sold 3,000 shares of Texas Community Bancshares stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.26, for a total value of $42,780.00. Following the completion of the sale, the senior vice president now directly owns 7,819 shares of the company’s stock, valued at approximately $111,498.94. The trade was a 27.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 19.10% of the stock is currently owned by insiders.

Texas Community Bancshares Stock Down 0.3 %

Shares of NASDAQ TCBS traded down $0.05 during midday trading on Thursday, hitting $14.95. The company’s stock had a trading volume of 124 shares, compared to its average volume of 2,317. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $46.64 million, a price-to-earnings ratio of -21.06 and a beta of 0.01. The business’s fifty day simple moving average is $14.87 and its two-hundred day simple moving average is $14.42. Texas Community Bancshares has a 1 year low of $11.78 and a 1 year high of $15.24.

Texas Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Shareholders of record on Thursday, December 12th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.16 annualized dividend and a yield of 1.07%. Texas Community Bancshares’s dividend payout ratio (DPR) is -22.53%.

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.