Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Update

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 8,000 shares, a drop of 16.7% from the November 30th total of 9,600 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.4% of the company’s stock are sold short.

Texas Community Bancshares Stock Performance

Shares of TCBS stock traded down $0.01 on Friday, reaching $15.10. The stock had a trading volume of 233 shares, compared to its average volume of 2,981. Texas Community Bancshares has a 12 month low of $13.11 and a 12 month high of $15.29. The firm has a market capitalization of $47.05 million, a price-to-earnings ratio of -21.27 and a beta of 0.01. The firm’s 50-day moving average is $14.96 and its two-hundred day moving average is $14.56. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20.

Texas Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 26th. Shareholders of record on Thursday, December 12th were paid a $0.04 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.16 annualized dividend and a yield of 1.06%. Texas Community Bancshares’s dividend payout ratio is -22.54%.

Insider Buying and Selling at Texas Community Bancshares

In other news, Director Anthony Scavuzzo purchased 2,807 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $15.00 per share, for a total transaction of $42,105.00. Following the completion of the purchase, the director now directly owns 86,065 shares in the company, valued at $1,290,975. The trade was a 3.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 19.10% of the company’s stock.

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.