Texas Community Bancshares, Inc. (NASDAQ:TCBS) Raises Dividend to $0.05 Per Share

Texas Community Bancshares, Inc. (NASDAQ:TCBSGet Free Report) declared a quarterly dividend on Tuesday, November 18th. Stockholders of record on Tuesday, December 2nd will be given a dividend of 0.05 per share on Tuesday, December 16th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, December 2nd. This is a 25.0% increase from Texas Community Bancshares’s previous quarterly dividend of $0.04.

Texas Community Bancshares Trading Down 0.6%

TCBS stock opened at $15.70 on Wednesday. The firm has a fifty day moving average price of $16.15 and a 200 day moving average price of $16.06. Texas Community Bancshares has a fifty-two week low of $14.80 and a fifty-two week high of $19.40. The firm has a market cap of $45.69 million, a PE ratio of 18.47 and a beta of 0.06. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 0.89.

Texas Community Bancshares (NASDAQ:TCBSGet Free Report) last released its quarterly earnings results on Friday, November 7th. The company reported $0.24 earnings per share (EPS) for the quarter. Texas Community Bancshares had a net margin of 9.98% and a return on equity of 4.77%. The company had revenue of $4.40 million for the quarter.

Analysts Set New Price Targets

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

Read Our Latest Stock Report on Texas Community Bancshares

About Texas Community Bancshares

(Get Free Report)

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.

See Also

Dividend History for Texas Community Bancshares (NASDAQ:TCBS)

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