Texas Community Bancshares (NASDAQ:TCBS) Announces Earnings Results
by Teresa Graham · The Cerbat GemTexas Community Bancshares (NASDAQ:TCBS – Get Free Report) released its earnings results on Friday. The company reported $0.42 EPS for the quarter, Zacks reports. Texas Community Bancshares had a return on equity of 5.34% and a net margin of 11.11%.
Texas Community Bancshares Price Performance
Shares of TCBS stock traded down $0.01 during mid-day trading on Friday, reaching $16.87. The stock had a trading volume of 665 shares, compared to its average volume of 2,064. Texas Community Bancshares has a 12-month low of $15.09 and a 12-month high of $20.00. The company has a market cap of $48.76 million, a P/E ratio of 16.89 and a beta of 0.02. The business has a 50-day simple moving average of $17.04 and a 200 day simple moving average of $16.64. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.85.
Texas Community Bancshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were given a $0.05 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. Texas Community Bancshares’s dividend payout ratio (DPR) is currently 20.00%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Texas Community Bancshares has an average rating of “Hold”.
Get Our Latest Stock Analysis on TCBS
Institutional Inflows and Outflows
An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC grew its position in Texas Community Bancshares, Inc. (NASDAQ:TCBS – Free Report) by 21.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,781 shares of the company’s stock after buying an additional 3,271 shares during the quarter. Geode Capital Management LLC owned 0.62% of Texas Community Bancshares worth $302,000 at the end of the most recent quarter. 15.83% of the stock is currently owned by hedge funds and other institutional investors.
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.