Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Drops By 16.7%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 8,000 shares, a decrease of 16.7% from the November 30th total of 9,600 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 2.7 days.

Insider Activity

In other news, Director Anthony Scavuzzo acquired 2,807 shares of Texas Community Bancshares stock in a transaction dated Tuesday, December 17th. The stock was bought at an average price of $15.00 per share, for a total transaction of $42,105.00. Following the completion of the acquisition, the director now directly owns 86,065 shares in the company, valued at approximately $1,290,975. The trade was a 3.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 19.10% of the company’s stock.

Texas Community Bancshares Stock Performance

TCBS traded down $0.01 during trading on Friday, hitting $15.10. The stock had a trading volume of 233 shares, compared to its average volume of 2,981. 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 company has a 50 day moving average price of $14.96 and a 200-day moving average price of $14.56. Texas Community Bancshares has a one year low of $13.11 and a one year high of $15.29. The firm has a market cap of $47.05 million, a price-to-earnings ratio of -21.27 and a beta of 0.01.

Texas Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Thursday, December 12th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.06%. Texas Community Bancshares’s payout ratio is presently -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.