Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Declines By 28.8%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,700 shares, a decrease of 28.8% from the December 15th total of 8,000 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 1.7 days.

Texas Community Bancshares Stock Up 0.9 %

NASDAQ TCBS traded up $0.13 on Wednesday, reaching $15.30. 1,054 shares of the stock traded hands, compared to its average volume of 3,962. Texas Community Bancshares has a 12 month low of $13.11 and a 12 month high of $15.63. The company has a market cap of $47.67 million, a price-to-earnings ratio of -21.55 and a beta of 0.01. The company has a fifty day moving average price of $15.03 and a 200-day moving average price of $14.61. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95.

Texas Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Thursday, December 12th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Thursday, December 12th. Texas Community Bancshares’s dividend payout ratio (DPR) is -22.54%.

Insider Activity

In related news, Director Anthony Scavuzzo acquired 2,807 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average cost of $15.00 per share, with a total value of $42,105.00. Following the acquisition, the director now directly owns 86,065 shares in the company, valued at $1,290,975. This represents a 3.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 19.10% of the company’s stock.

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.