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

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

Texas Community Bancshares Stock Down 2.8 %

TCBS traded down $0.39 during trading hours on Monday, reaching $13.75. 271 shares of the stock traded hands, compared to its average volume of 2,239. Texas Community Bancshares has a fifty-two week low of $11.78 and a fifty-two week high of $15.24. The company has a market cap of $43.86 million and a price-to-earnings ratio of -17.19. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.95 and a quick ratio of 0.90. The firm’s fifty day simple moving average is $14.29 and its two-hundred day simple moving average is $14.21.

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

Texas Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders 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 was Friday, June 14th. Texas Community Bancshares’s payout ratio is -20.00%.

Insider Activity at Texas Community Bancshares

In other Texas Community Bancshares news, COO Haskell Strange sold 1,900 shares of Texas Community Bancshares stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $14.30, for a total transaction of $27,170.00. Following the transaction, the chief operating officer now directly owns 7,873 shares of the company’s stock, valued at $112,583.90. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Haskell Strange sold 1,900 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now owns 7,873 shares of the company’s stock, valued at $112,583.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Scavuzzo bought 7,001 shares of the stock in a transaction dated Friday, May 31st. The stock was bought at an average price of $14.33 per share, with a total value of $100,324.33. Following the purchase, the director now owns 68,258 shares of the company’s stock, valued at approximately $978,137.14. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 7,487 shares of company stock worth $106,209. Company insiders own 19.10% 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.