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

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a significant increase in short interest in 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 trading volume of 2,300 shares, the days-to-cover ratio is currently 2.8 days. Approximately 0.3% of the company’s stock are sold short.

Texas Community Bancshares Stock Performance

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

Texas Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Thursday, December 12th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, December 12th. Texas Community Bancshares’s dividend payout ratio (DPR) is -22.54%.

Insider Transactions at Texas Community Bancshares

In other news, SVP Terri Baucum sold 3,000 shares of Texas Community Bancshares stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $14.26, for a total transaction of $42,780.00. Following the completion of the sale, the senior vice president now directly owns 7,819 shares in the company, valued at approximately $111,498.94. The trade was a 27.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.