Insider Buying: Texas Community Bancshares, Inc. (NASDAQ:TCBS) Director Buys $42,105.00 in Stock

Texas Community Bancshares, Inc. (NASDAQ:TCBS) Director Anthony Scavuzzo acquired 2,807 shares of the stock in a transaction dated Tuesday, December 17th. The stock was purchased at an average cost of $15.00 per share, with a total value of $42,105.00. Following the purchase, the director now directly owns 86,065 shares of the company’s stock, valued at $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 is accessible through the SEC website.

Texas Community Bancshares Trading Down 0.7 %

TCBS opened at $15.09 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. Texas Community Bancshares, Inc. has a fifty-two week low of $13.11 and a fifty-two week high of $15.29. The company’s 50 day moving average price is $14.94 and its two-hundred day moving average price is $14.54. The firm has a market capitalization of $47.02 million, a price-to-earnings ratio of -21.25 and a beta of 0.01.

Texas Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Thursday, December 12th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.16 annualized dividend and a dividend yield of 1.06%. Texas Community Bancshares’s dividend payout ratio is -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.