Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Down 26.1% in February

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 3,400 shares, a decline of 26.1% from the February 13th total of 4,600 shares. Based on an average trading volume of 4,700 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Insider Buying and Selling

In other Texas Community Bancshares news, Director Anthony Scavuzzo purchased 2,807 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $42,105.00. Following the completion of the transaction, the director now owns 86,065 shares of the company’s stock, valued at $1,290,975. The trade was a 3.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 19.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Texas Community Bancshares

An institutional investor recently bought a new position in Texas Community Bancshares stock. Northern Trust Corp purchased a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 12,452 shares of the company’s stock, valued at approximately $190,000. Northern Trust Corp owned 0.40% of Texas Community Bancshares as of its most recent filing with the SEC. 15.83% of the stock is owned by institutional investors.

Texas Community Bancshares Price Performance

TCBS traded down $0.04 on Friday, reaching $16.25. 9,816 shares of the company’s stock were exchanged, compared to its average volume of 4,149. The stock has a market cap of $50.64 million, a PE ratio of -22.89 and a beta of -0.01. Texas Community Bancshares has a twelve month low of $13.51 and a twelve month high of $17.50. The stock’s fifty day moving average price is $15.82 and its 200-day moving average price is $15.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95.

Texas Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, March 10th. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -22.54%.

Texas Community Bancshares Company Profile

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.