Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Expands By 44.4%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,900 shares, a growth of 44.4% from the August 15th total of 2,700 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 1.5 days.

Insider Activity

In related news, SVP Terri Baucum sold 1,954 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $13.75, for a total value of $26,867.50. Following the completion of the sale, the senior vice president now owns 10,819 shares in the company, valued at $148,761.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Anthony Scavuzzo purchased 15,000 shares of Texas Community Bancshares stock in a transaction dated Monday, August 26th. The stock was bought at an average cost of $13.99 per share, for a total transaction of $209,850.00. Following the transaction, the director now owns 83,258 shares in the company, valued at $1,164,779.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Terri Baucum sold 1,954 shares of Texas Community Bancshares stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $13.75, for a total value of $26,867.50. Following the transaction, the senior vice president now owns 10,819 shares of the company’s stock, valued at $148,761.25. The disclosure for this sale can be found here. Corporate insiders own 19.10% of the company’s stock.

Texas Community Bancshares Price Performance

TCBS stock traded down $0.05 during midday trading on Friday, hitting $14.69. The stock had a trading volume of 6,966 shares, compared to its average volume of 4,914. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.38. Texas Community Bancshares has a 12-month low of $11.78 and a 12-month high of $15.24. The company’s 50-day moving average price is $14.04 and its 200 day moving average price is $14.15.

Texas Community Bancshares (NASDAQ:TCBS) last posted its earnings results on Tuesday, August 13th. The company reported $0.12 earnings per share 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be issued a $0.04 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.16 dividend on an annualized basis and a yield of 1.09%. Texas Community Bancshares’s dividend payout ratio is currently -20.00%.

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.