Texas Community Bancshares (NASDAQ:TCBS) Releases Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) posted its quarterly earnings data on Friday. The company reported $0.24 EPS for the quarter, FiscalAI reports. Texas Community Bancshares had a net margin of 9.50% and a return on equity of 4.47%. The company had revenue of $3.86 million for the quarter.

Texas Community Bancshares Stock Down 0.0%

Shares of NASDAQ:TCBS traded down $0.01 during trading on Friday, reaching $15.91. 12,532 shares of the stock were exchanged, compared to its average volume of 3,978. The firm has a market cap of $47.24 million, a price-to-earnings ratio of 20.39 and a beta of 0.06. The stock has a fifty day moving average of $16.21 and a two-hundred day moving average of $16.01. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.95 and a quick ratio of 0.95. Texas Community Bancshares has a 1-year low of $14.79 and a 1-year high of $19.40.

Texas Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.16 annualized dividend and a dividend yield of 1.0%. Texas Community Bancshares’s payout ratio is currently 20.51%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Texas Community Bancshares in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC raised its stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.83% 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.