Texas Community Bancshares, Inc. (NASDAQ:TCBS) Sees Large Growth in Short Interest

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,500 shares, an increase of 132.1% from the October 31st total of 2,800 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 2.8 days. Currently, 0.3% of the company’s shares are sold short.

Texas Community Bancshares Stock Performance

Shares of Texas Community Bancshares stock remained flat at $15.00 during trading on Friday. The stock had a trading volume of 599 shares, compared to its average volume of 2,640. Texas Community Bancshares has a 1 year low of $12.00 and a 1 year high of $15.24. The firm’s 50-day moving average is $14.88 and its two-hundred day moving average is $14.43. The stock has a market cap of $46.74 million, a price-to-earnings ratio of -21.13 and a beta of 0.01. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20.

Texas Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Stockholders of record on Thursday, December 12th will be issued a $0.04 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.07%. Texas Community Bancshares’s dividend payout ratio is presently -22.54%.

Insider Transactions at Texas Community Bancshares

In other Texas Community Bancshares news, SVP Terri Baucum sold 3,000 shares of the company’s stock in a transaction dated 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 directly owns 7,819 shares in the company, valued at $111,498.94. This represents a 27.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 19.10% of the company’s stock.

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.