Texas Community Bancshares (NASDAQ:TCBS) Posts Quarterly Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) posted its quarterly earnings results on Thursday. The company reported $0.16 EPS for the quarter, Zacks reports. The company had revenue of $3.93 million for the quarter. Texas Community Bancshares had a negative net margin of 10.81% and a negative return on equity of 4.11%.

Texas Community Bancshares Stock Up 1.4 %

Texas Community Bancshares stock opened at $16.26 on Friday. Texas Community Bancshares has a 52 week low of $13.51 and a 52 week high of $17.50. The firm has a market cap of $50.65 million, a price-to-earnings ratio of -22.89 and a beta of -0.01. The business’s 50-day moving average price is $16.04 and its 200 day moving average price is $15.33. 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 business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.98%. Texas Community Bancshares’s 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.