Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Update

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 5,700 shares, a drop of 28.8% from the December 15th total of 8,000 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 3,400 shares, the short-interest ratio is presently 1.7 days.

Insider Activity

In related news, Director Anthony Scavuzzo purchased 2,807 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was purchased at an average cost of $15.00 per share, for a total transaction of $42,105.00. Following the acquisition, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 19.10% of the company’s stock.

Texas Community Bancshares Stock Up 0.2 %

TCBS traded up $0.04 on Friday, reaching $15.34. The company’s stock had a trading volume of 1,966 shares, compared to its average volume of 3,633. Texas Community Bancshares has a 1 year low of $13.11 and a 1 year high of $15.63. The business’s 50 day moving average is $15.04 and its 200 day moving average is $14.62. 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 stock has a market cap of $47.85 million and a price-to-earnings ratio of -21.60.

Texas Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Stockholders of record on Thursday, December 12th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, December 12th. Texas Community Bancshares’s payout ratio is currently -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.