Texas Community Bancshares, Inc. (NASDAQ:TCBS) Sees Large Drop in Short Interest

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

Texas Community Bancshares Stock Up 1.3 %

Shares of Texas Community Bancshares stock opened at $15.30 on Tuesday. The stock has a 50-day simple moving average of $14.96 and a 200-day simple moving average of $14.56. Texas Community Bancshares has a 52-week low of $13.11 and a 52-week high of $15.30. The firm has a market cap of $47.67 million, a price-to-earnings ratio of -21.55 and a beta of 0.01. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95.

Texas Community Bancshares Dividend Announcement

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 $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, December 12th. Texas Community Bancshares’s dividend payout ratio is -22.54%.

Insider Activity at Texas Community Bancshares

In other news, Director Anthony Scavuzzo acquired 2,807 shares of Texas Community Bancshares stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average price of $15.00 per share, with a total value of $42,105.00. Following the completion of the transaction, the director now owns 86,065 shares in the company, valued at approximately $1,290,975. This trade represents a 3.37 % increase in their ownership of the stock. The transaction 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 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.