Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Up 133.3% in October

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,800 shares, an increase of 133.3% from the October 15th total of 1,200 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 3,000 shares, the days-to-cover ratio is presently 0.9 days.

Texas Community Bancshares Stock Up 0.9 %

Shares of TCBS traded up $0.14 on Wednesday, reaching $14.94. The company’s stock had a trading volume of 337 shares, compared to its average volume of 2,460. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50 day simple moving average is $14.81 and its two-hundred day simple moving average is $14.37. Texas Community Bancshares has a 12-month low of $11.78 and a 12-month high of $15.24.

Texas Community Bancshares (NASDAQ:TCBS) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $3.58 million for the quarter. Texas Community Bancshares had a negative net margin of 11.48% and a negative return on equity of 4.21%.

Texas Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, September 12th. Texas Community Bancshares’s payout ratio is -21.92%.

Insider Activity

In related news, Director Anthony Scavuzzo purchased 15,000 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were purchased at an average price of $13.99 per share, with a total value of $209,850.00. Following the acquisition, the director now directly owns 83,258 shares in the company, valued at $1,164,779.42. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Terri Baucum sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $14.26, for a total value of $42,780.00. Following the transaction, the senior vice president now owns 7,819 shares of the company’s stock, valued at approximately $111,498.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Anthony Scavuzzo acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was acquired at an average cost of $13.99 per share, for a total transaction of $209,850.00. Following the acquisition, the director now owns 83,258 shares of the company’s stock, valued at $1,164,779.42. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 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.