Texas Community Bancshares (NASDAQ:TCBS) Announces Quarterly Earnings Results

Texas Community Bancshares (NASDAQ:TCBS – Get Free Report) issued its earnings results on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, Zacks reports. Texas Community Bancshares had a net margin of 11.79% and a return on equity of 5.66%.

Texas Community Bancshares Trading Up 0.2%

NASDAQ:TCBS traded up $0.04 during midday trading on Tuesday, hitting $17.30. The stock had a trading volume of 3,790 shares, compared to its average volume of 2,473. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $17.48 and a 200 day moving average of $17.14. The company has a market capitalization of $50.00 million, a price-to-earnings ratio of 15.89 and a beta of -0.03. Texas Community Bancshares has a one year low of $15.72 and a one year high of $20.00.

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Texas Community Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost 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 dividend payout ratio is 22.02%.

Institutional Trading of Texas Community Bancshares

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC boosted its holdings in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS – Free Report) by 21.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,781 shares of the company’s stock after buying an additional 3,271 shares during the period. Geode Capital Management LLC owned approximately 0.62% of Texas Community Bancshares worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Check Out Our Latest Analysis on TCBS

About Texas Community Bancshares

(Get Free Report)

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.

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