Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Down 14.8% in February

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a large decrease in short interest in February. As of February 15th, there was short interest totalling 4,600 shares, a decrease of 14.8% from the January 31st total of 5,400 shares. Based on an average daily volume of 3,900 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the company’s shares are short sold.

Insider Activity

In other Texas Community Bancshares news, Director Anthony Scavuzzo purchased 2,807 shares of the stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $15.00 per share, with a total value of $42,105.00. Following the completion of the purchase, the director now directly owns 86,065 shares of the company’s stock, valued at approximately $1,290,975. This trade represents a 3.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.10% of the stock is owned by corporate insiders.

Institutional Trading of Texas Community Bancshares

An institutional investor recently bought a new position in Texas Community Bancshares stock. Northern Trust Corp purchased a new stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned 0.40% of Texas Community Bancshares as of its most recent SEC filing. 15.83% of the stock is currently owned by institutional investors.

Texas Community Bancshares Stock Down 1.8 %

TCBS opened at $16.20 on Thursday. Texas Community Bancshares has a 12 month low of $13.27 and a 12 month high of $17.50. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $15.67 and its 200-day moving average price is $15.08. The company has a market cap of $50.48 million, a P/E ratio of -22.82 and a beta of 0.01.

Texas Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.04 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.16 annualized dividend and a yield of 0.99%. Texas Community Bancshares’s payout ratio is currently -22.54%.

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.