Texas Community Bancshares, Inc. (NASDAQ:TCBS) Short Interest Up 27.3% in July

Texas Community Bancshares, Inc. (NASDAQ:TCBS) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,800 shares, agrowthof27.3% from the July 15th total of 2,200 shares. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is presently 0.6 days. Currently,0.1% of the company’s shares are sold short. Currently,0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 4,500 shares, the days-to-cover ratio is presently 0.6 days.

Texas Community Bancshares Stock Up 1.0%

Shares of NASDAQ TCBS opened at $16.26 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93. Texas Community Bancshares has a 12 month low of $13.80 and a 12 month high of $19.40. The firm has a market capitalization of $48.29 million, a PE ratio of 20.85 and a beta of 0.06. The firm has a fifty day simple moving average of $16.10 and a two-hundred day simple moving average of $15.98.

Texas Community Bancshares (NASDAQ:TCBS) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.23 EPS for the quarter. Texas Community Bancshares had a net margin of 9.50% and a return on equity of 4.47%. The business had revenue of $3.75 million during the quarter.

Insider Buying and Selling

In related news, CFO Julie Sharff sold 2,127 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $15.75, for a total transaction of $33,500.25. Following the completion of the sale, the chief financial officer directly owned 12,600 shares in the company, valued at $198,450. This represents a 14.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders have sold 4,719 shares of company stock worth $74,324. Corporate insiders own 19.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp bought a new position in Texas Community Bancshares in the 4th quarter worth $190,000. Geode Capital Management LLC raised its holdings in Texas Community Bancshares by 21.1% in the 2nd quarter. Geode Capital Management LLC now owns 18,781 shares of the company’s stock worth $302,000 after purchasing an additional 3,271 shares in the last quarter. Finally, Fourthstone LLC bought a new position in shares of Texas Community Bancshares in the 2nd quarter worth about $377,000. 15.83% of the stock is currently owned by institutional investors.

Texas Community Bancshares Company Profile

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.