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

Texas Community Bancshares (NASDAQ:TCBS) announced its quarterly earnings results on Friday. The company reported $0.24 EPS for the quarter, FiscalAI reports. The company had revenue of $3.86 million for the quarter. Texas Community Bancshares had a net margin of 9.50% and a return on equity of 4.47%.

Texas Community Bancshares Stock Down 0.0%

Texas Community Bancshares stock opened at $15.91 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. The firm has a market cap of $47.24 million, a price-to-earnings ratio of 18.71 and a beta of 0.06. The stock has a fifty day simple moving average of $16.20 and a two-hundred day simple moving average of $16.02. Texas Community Bancshares has a 12 month low of $14.79 and a 12 month high of $19.40.

Texas Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, September 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. Texas Community Bancshares’s dividend payout ratio is presently 20.51%.

Institutional Trading of Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC grew its stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,781 shares of the company’s stock after buying an additional 3,271 shares during the period. Geode Capital Management LLC owned 0.62% of Texas Community Bancshares worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 15.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Texas Community Bancshares

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.