Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Down 35.3% in March

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 2,200 shares, a drop of 35.3% from the February 28th total of 3,400 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the company are sold short.

Texas Community Bancshares Stock Performance

NASDAQ TCBS opened at $16.26 on Friday. The firm has a 50-day moving average price of $16.04 and a two-hundred day moving average price of $15.34. Texas Community Bancshares has a 12-month low of $13.51 and a 12-month high of $17.50. The company has a market capitalization of $50.65 million, a P/E ratio of -22.89 and a beta of -0.01. 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 (NASDAQ:TCBS) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.16 earnings per share for the quarter. Texas Community Bancshares had a negative net margin of 10.81% and a negative return on equity of 4.11%. The company had revenue of $3.93 million during the quarter.

Texas Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Monday, March 10th. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -22.54%.

Institutional Investors Weigh In On Texas Community Bancshares

A hedge fund recently bought a new stake in Texas Community Bancshares stock. Northern Trust Corp purchased a new position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned 0.40% of Texas Community Bancshares at the end of the most recent quarter. Hedge funds and other institutional investors own 15.83% 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.