Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Down 33.3% in July

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 1,800 shares, a decline of 33.3% from the June 30th total of 2,700 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the company are short sold.

Texas Community Bancshares Stock Down 2.8 %

TCBS stock opened at $13.75 on Friday. Texas Community Bancshares has a one year low of $11.78 and a one year high of $15.24. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.90 and a current ratio of 0.95. The firm’s fifty day moving average is $14.29 and its 200 day moving average is $14.21. The firm has a market cap of $43.86 million and a PE ratio of -17.19.

Texas Community Bancshares (NASDAQ:TCBS) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.89) earnings per share for the quarter. Texas Community Bancshares had a negative return on equity of 4.51% and a negative net margin of 13.16%. The company had revenue of ($0.60) million for the quarter.

Texas Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, June 14th. Texas Community Bancshares’s dividend payout ratio (DPR) is -20.00%.

Insider Activity

In related news, COO Haskell Strange sold 1,900 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $14.30, for a total value of $27,170.00. Following the completion of the transaction, the chief operating officer now owns 7,873 shares in the company, valued at approximately $112,583.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Anthony Scavuzzo acquired 7,001 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $14.33 per share, with a total value of $100,324.33. Following the acquisition, the director now directly owns 68,258 shares in the company, valued at approximately $978,137.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Haskell Strange sold 1,900 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $14.30, for a total value of $27,170.00. Following the completion of the transaction, the chief operating officer now directly owns 7,873 shares of the company’s stock, valued at $112,583.90. The disclosure for this sale can be found here. Insiders have sold 7,487 shares of company stock valued at $106,209 over the last ninety days. 19.10% of the stock is currently owned by insiders.

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.