Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Up 133.3% in October

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 2,800 shares, a growth of 133.3% from the October 15th total of 1,200 shares. Based on an average trading volume of 3,000 shares, the short-interest ratio is currently 0.9 days. Currently, 0.1% of the shares of the stock are sold short.

Texas Community Bancshares Stock Up 0.9 %

Shares of Texas Community Bancshares stock traded up $0.14 during trading on Wednesday, reaching $14.94. The company’s stock had a trading volume of 337 shares, compared to its average volume of 2,460. Texas Community Bancshares has a 52-week low of $11.78 and a 52-week high of $15.24. The firm’s 50-day moving average is $14.81 and its two-hundred day moving average is $14.37. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.94 and a quick ratio of 0.94.

Texas Community Bancshares (NASDAQ:TCBS) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $3.58 million during the quarter. Texas Community Bancshares had a negative net margin of 11.48% and a negative return on equity of 4.21%.

Texas Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $0.16 annualized dividend and a dividend yield of 1.07%. Texas Community Bancshares’s dividend payout ratio is -21.92%.

Insider Buying and Selling

In other news, SVP Terri Baucum sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $14.26, for a total value of $42,780.00. Following the transaction, the senior vice president now owns 7,819 shares of the company’s stock, valued at $111,498.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Anthony Scavuzzo purchased 15,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $13.99 per share, with a total value of $209,850.00. Following the acquisition, the director now directly owns 83,258 shares of the company’s stock, valued at approximately $1,164,779.42. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Terri Baucum sold 3,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $14.26, for a total transaction of $42,780.00. Following the completion of the transaction, the senior vice president now directly owns 7,819 shares in the company, valued at $111,498.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 19.10% of the stock is currently owned by insiders.

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.