Short Interest in Texas Community Bancshares, Inc. (NASDAQ:TCBS) Grows By 132.1%

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 6,500 shares, an increase of 132.1% from the October 31st total of 2,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 2,300 shares, the short-interest ratio is presently 2.8 days.

Texas Community Bancshares Stock Down 0.3 %

TCBS stock traded down $0.05 during midday trading on Thursday, reaching $14.95. 124 shares of the company were exchanged, compared to its average volume of 2,317. The stock’s 50-day simple moving average is $14.87 and its 200 day simple moving average is $14.42. Texas Community Bancshares has a 1-year low of $11.78 and a 1-year high of $15.24. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $46.64 million, a price-to-earnings ratio of -21.06 and a beta of 0.01.

Texas Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Thursday, December 12th will be given a $0.04 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.07%. Texas Community Bancshares’s dividend payout ratio (DPR) is presently -22.53%.

Insider Buying and Selling

In other news, SVP Terri Baucum sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $14.26, for a total transaction of $42,780.00. Following the sale, the senior vice president now owns 7,819 shares of the company’s stock, valued at approximately $111,498.94. This trade represents a 27.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.