Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Down 35.3% in March

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a decline of 35.3% from the February 28th total of 3,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Texas Community Bancshares

A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp acquired a new position in Texas Community Bancshares, Inc. (NASDAQ:TCBS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned about 0.40% of Texas Community Bancshares as of its most recent SEC filing. 15.83% of the stock is owned by institutional investors and hedge funds.

Texas Community Bancshares Stock Up 1.4 %

Shares of NASDAQ:TCBS opened at $16.26 on Friday. 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 has a 52-week low of $13.51 and a 52-week high of $17.50. The company has a market capitalization of $50.65 million, a PE ratio of -22.89 and a beta of -0.01. The company has a fifty day moving average of $16.04 and a 200-day moving average of $15.34.

Texas Community Bancshares (NASDAQ:TCBS) last posted its earnings results on Thursday, March 27th. The company reported $0.16 EPS for the quarter. Texas Community Bancshares had a negative return on equity of 4.11% and a negative net margin of 10.81%. The firm had revenue of $3.93 million during the quarter.

Texas Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.04 per share. The ex-dividend date was Monday, March 10th. This represents a $0.16 annualized dividend and a yield of 0.98%. Texas Community Bancshares’s dividend 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.