Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Down 28.8% in December

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 5,700 shares, a decline of 28.8% from the December 15th total of 8,000 shares. Based on an average daily volume of 3,400 shares, the short-interest ratio is presently 1.7 days. Currently, 0.3% of the company’s shares are sold short.

Insiders Place Their Bets

In other Texas Community Bancshares news, Director Anthony Scavuzzo bought 2,807 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of $15.00 per share, with a total value of $42,105.00. Following the completion of the acquisition, the director now directly owns 86,065 shares of the company’s stock, valued at $1,290,975. This represents a 3.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 19.10% of the stock is owned by insiders.

Texas Community Bancshares Price Performance

NASDAQ:TCBS traded up $0.13 during trading hours on Wednesday, hitting $15.30. The company’s stock had a trading volume of 1,054 shares, compared to its average volume of 3,962. The company has a market capitalization of $47.67 million, a PE ratio of -21.55 and a beta of 0.01. Texas Community Bancshares has a 52-week low of $13.11 and a 52-week high of $15.63. The business’s 50-day moving average is $15.03 and its two-hundred day moving average is $14.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95.

Texas Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Thursday, December 12th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, December 12th. This represents a $0.16 annualized dividend and a yield of 1.05%. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -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.