Texas Community Bancshares (NASDAQ:TCBS) Trading 0.2% Higher – Still a Buy?

Texas Community Bancshares, Inc. (NASDAQ:TCBS) shares were up 0.2% during mid-day trading on Friday . The stock traded as high as $17.30 and last traded at $17.2250. Approximately 15,511 shares were traded during mid-day trading, an increase of 296% from the average daily volume of 3,919 shares. The stock had previously closed at $17.19.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Texas Community Bancshares Stock Performance

The stock has a market capitalization of $49.78 million, a P/E ratio of 15.82 and a beta of -0.02. The company has a 50 day simple moving average of $16.94 and a 200-day simple moving average of $16.83. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94.

Texas Community Bancshares (NASDAQ:TCBS) last issued its earnings results on Wednesday, March 25th. The company reported $0.31 earnings per share (EPS) for the quarter. The firm had revenue of $4.32 million for the quarter. Texas Community Bancshares had a return on equity of 5.66% and a net margin of 11.79%.

Texas Community Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd will be paid a $0.06 dividend. The ex-dividend date is Tuesday, June 2nd. This is a boost from Texas Community Bancshares’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. Texas Community Bancshares’s dividend payout ratio is presently 22.02%.

Institutional Trading of Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC lifted its stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,781 shares of the company’s stock after purchasing an additional 3,271 shares during the quarter. Geode Capital Management LLC owned 0.62% of Texas Community Bancshares worth $302,000 as of its most recent SEC filing. 15.83% of the stock is currently owned by institutional investors.

About Texas Community Bancshares

Texas Community Bancshares, Inc (NASDAQ: TCBS) is the bank holding company for Texas Community Bank, a state-chartered commercial bank headquartered in Harlingen, Texas. Through its wholly owned banking subsidiary, the company delivers community banking services across the Rio Grande Valley region of South Texas, focusing on relationship-driven banking and locally empowered decision making.

The company’s core offerings include a broad range of deposit products—such as checking, savings and money market accounts—and consumer and commercial lending solutions.