Texas Community Bancshares, Inc. (NASDAQ:TCBS) Sees Large Increase in Short Interest

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 9,600 shares, an increase of 47.7% from the November 15th total of 6,500 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 2,000 shares, the short-interest ratio is presently 4.8 days.

Texas Community Bancshares Price Performance

NASDAQ:TCBS remained flat at $15.05 during mid-day trading on Friday. 18,561 shares of the company traded hands, compared to its average volume of 3,236. Texas Community Bancshares has a 52-week low of $12.35 and a 52-week high of $15.24. The firm’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $14.51. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Thursday, December 12th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, December 12th. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -22.53%.

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.