Texas Community Bancshares (NASDAQ:TCBS) Announces Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) issued its quarterly earnings data on Thursday. The company reported $0.16 EPS for the quarter, Zacks reports. The company had revenue of $3.93 million for the quarter. Texas Community Bancshares had a negative return on equity of 4.11% and a negative net margin of 10.81%.

Texas Community Bancshares Stock Performance

NASDAQ:TCBS opened at $16.26 on Friday. The company has a fifty day moving average of $16.04 and a two-hundred day moving average of $15.33. Texas Community Bancshares has a fifty-two week low of $13.51 and a fifty-two week high of $17.50. The stock has a market capitalization of $50.65 million, a PE ratio of -22.89 and a beta of -0.01. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95.

Texas Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Monday, March 10th. Texas Community Bancshares’s payout ratio is presently -22.54%.

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.