Texas Community Bancshares (NASDAQ:TCBS) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

by · The Markets Daily

Texas Community Bancshares, Inc. (NASDAQ:TCBS – Get Free Report)’s stock price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $17.21 and traded as high as $17.25. Texas Community Bancshares shares last traded at $17.3260, with a volume of 5,905 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold”.

Check Out Our Latest Report on Texas Community Bancshares

Texas Community Bancshares Trading Up 0.7%

The company has a market cap of $49.78 million, a PE ratio of 14.33 and a beta of -0.01. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.96 and a current ratio of 0.96. The company has a 50 day simple moving average of $17.21 and a two-hundred day simple moving average of $17.16.

Texas Community Bancshares (NASDAQ:TCBS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter. The business had revenue of $4.41 million during the quarter. Texas Community Bancshares had a net margin of 12.68% and a return on equity of 6.14%.

Texas Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, September 8th. Texas Community Bancshares’s dividend payout ratio is currently 19.83%.

Institutional Investors Weigh In On Texas Community Bancshares

A hedge fund recently bought a new position in Texas Community Bancshares stock. EP Wealth Advisors LLC purchased a new stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 52,677 shares of the company’s stock, valued at approximately $927,000. EP Wealth Advisors LLC owned approximately 1.82% of Texas Community Bancshares as of its most recent SEC filing. 15.83% of the stock is currently owned by institutional investors.

Texas Community Bancshares Company Profile

(Get Free Report)

Texas Community Bancshares, Inc (NASDAQ: TCBS) is a bank holding company headquartered in Mineola, Texas. The company operates through its wholly owned subsidiary, Mineola Community Bank, SSB, a community-oriented financial institution serving customers in East Texas.

Mineola Community Bank provides traditional banking products and services for individuals, families, farmers, and businesses. Its offerings include deposit accounts, consumer and commercial loans, mortgage lending, agricultural financing, and digital banking services.

The bank emphasizes relationship-based banking and serves communities through branch locations and other delivery channels in its East Texas market.

See Also