Texas Community Bancshares, Inc. Plans Quarterly Dividend of $0.04 (NASDAQ:TCBS)

Texas Community Bancshares, Inc. (NASDAQ:TCBS) announced a quarterly dividend on Tuesday, August 27th, Zacks reports. Shareholders of record on Thursday, September 12th will be given a dividend of 0.04 per share on Thursday, September 26th. This represents a $0.16 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, September 12th.

Texas Community Bancshares Price Performance

Shares of Texas Community Bancshares stock traded up $0.15 on Wednesday, hitting $14.60. The company’s stock had a trading volume of 1,576 shares, compared to its average volume of 5,461. The company has a market capitalization of $46.54 million, a P/E ratio of -18.25 and a beta of 0.01. Texas Community Bancshares has a 52-week low of $11.78 and a 52-week high of $15.24. The firm has a fifty day moving average price of $14.01 and a 200-day moving average price of $14.13. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.38.

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

Insider Buying and Selling at Texas Community Bancshares

In other Texas Community Bancshares news, SVP Terri Baucum sold 1,954 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $13.75, for a total transaction of $26,867.50. Following the completion of the transaction, the senior vice president now owns 10,819 shares of the company’s stock, valued at $148,761.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Texas Community Bancshares news, SVP Terri Baucum sold 1,954 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $13.75, for a total value of $26,867.50. Following the transaction, the senior vice president now directly owns 10,819 shares in the company, valued at approximately $148,761.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Anthony Scavuzzo purchased 15,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were purchased at an average cost of $13.99 per share, for a total transaction of $209,850.00. Following the completion of the purchase, the director now directly owns 83,258 shares in the company, valued at $1,164,779.42. The disclosure for this purchase can be found here. 19.10% of the stock is 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.