Texas Community Bancshares, Inc. (NASDAQ:TCBS) Sees Significant Increase in Short Interest

Texas Community Bancshares, Inc. (NASDAQ:TCBS) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 6,087 shares, an increase of 123.2% from the May 31st total of 2,727 shares. Based on an average trading volume of 6,315 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Texas Community Bancshares

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC raised its holdings in 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 institutional investor 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. Institutional investors own 15.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Community Bancshares in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Texas Community Bancshares Price Performance

Shares of NASDAQ:TCBS opened at $17.97 on Tuesday. The firm has a 50 day moving average of $17.00 and a 200-day moving average of $16.97. Texas Community Bancshares has a 12 month low of $15.10 and a 12 month high of $20.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $51.93 million, a PE ratio of 16.50 and a beta of -0.02.

Texas Community Bancshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. This is a positive change from Texas Community Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Community Bancshares’s payout ratio is 22.02%.

Texas Community Bancshares Company Profile

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.