Texas Community Bancshares (NASDAQ:TCBS) Trading 0.9% Higher – Still a Buy?

Texas Community Bancshares, Inc. (NASDAQ:TCBS)’s stock price traded up 0.9% during mid-day trading on Tuesday . The stock traded as high as $17.10 and last traded at $17.2490. 611 shares were traded during trading, a decline of 71% from the average session volume of 2,124 shares. The stock had previously closed at $17.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Community Bancshares in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Texas Community Bancshares Trading Up 1.4%

The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.96 and a current ratio of 0.96. The firm’s fifty day simple moving average is $17.04 and its 200-day simple moving average is $16.62. The stock has a market cap of $50.11 million, a P/E ratio of 17.36 and a beta of 0.02.

Texas Community Bancshares (NASDAQ:TCBS) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.31 EPS for the quarter. Texas Community Bancshares had a net margin of 11.11% and a return on equity of 5.34%. The company had revenue of $4.37 million for the quarter.

Texas Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. Texas Community Bancshares’s dividend payout ratio is 20.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC grew its holdings in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 about 0.62% of Texas Community Bancshares worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 15.83% of the company’s stock.

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.