TC Bancshares, Inc. (NASDAQ:TCBC) Sees Large Drop in Short Interest

TC Bancshares, Inc. (NASDAQ:TCBC) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 10,600 shares, a decline of 19.7% from the March 15th total of 13,200 shares. Based on an average trading volume of 9,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the shares of the company are sold short.

TC Bancshares Trading Up 0.7 %

Shares of TCBC stock opened at $13.68 on Monday. The firm has a market capitalization of $59.10 million, a PE ratio of 228.00 and a beta of 0.05. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.08. TC Bancshares has a 1 year low of $12.35 and a 1 year high of $15.33. The stock has a fifty day moving average of $13.69 and a two-hundred day moving average of $13.54.

TC Bancshares (NASDAQ:TCBC) last posted its quarterly earnings data on Friday, March 22nd. The company reported ($0.02) earnings per share for the quarter. TC Bancshares had a return on equity of 0.32% and a net margin of 1.21%. The company had revenue of $3.60 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TCBC. BlackRock Inc. lifted its position in TC Bancshares by 8.3% in the second quarter. BlackRock Inc. now owns 11,611 shares of the company’s stock worth $166,000 after purchasing an additional 891 shares during the period. Vanguard Group Inc. lifted its holdings in shares of TC Bancshares by 0.7% in the third quarter. Vanguard Group Inc. now owns 199,003 shares of the company’s stock valued at $2,708,000 after buying an additional 1,422 shares during the period. Thomasville National Bank boosted its stake in TC Bancshares by 7.7% during the first quarter. Thomasville National Bank now owns 33,613 shares of the company’s stock valued at $462,000 after buying an additional 2,400 shares in the last quarter. Brown Advisory Inc. boosted its stake in TC Bancshares by 29.4% during the fourth quarter. Brown Advisory Inc. now owns 17,584 shares of the company’s stock valued at $243,000 after buying an additional 3,994 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in TC Bancshares by 16.0% during the second quarter. Geode Capital Management LLC now owns 35,966 shares of the company’s stock worth $514,000 after acquiring an additional 4,974 shares during the period. 23.56% of the stock is currently owned by institutional investors.

About TC Bancshares

TC Bancshares, Inc operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit.