Texas Community Bancshares (NASDAQ:TCBS) Stock Price Up 0.9% – Still a Buy?

Texas Community Bancshares, Inc. (NASDAQ:TCBS)’s share price rose 0.9% on Friday . The company traded as high as $16.70 and last traded at $16.8050. Approximately 153 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,561 shares. The stock had previously closed at $16.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Texas Community Bancshares Stock Performance

The stock has a 50-day simple moving average of $17.06 and a 200 day simple moving average of $16.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $48.57 million, a PE ratio of 15.43 and a beta of -0.01.

Texas Community Bancshares (NASDAQ:TCBS) last posted its earnings results on Wednesday, March 25th. The company reported $0.31 EPS for the quarter. The company had revenue of $4.32 million for the quarter. Texas Community Bancshares had a return on equity of 5.66% and a net margin of 11.79%.

Texas Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, March 10th. Texas Community Bancshares’s payout ratio is presently 18.35%.

Institutional Trading of Texas Community Bancshares

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC raised its stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,781 shares of the company’s stock after acquiring an additional 3,271 shares during the quarter. Geode Capital Management LLC owned approximately 0.62% of Texas Community Bancshares worth $302,000 at the end of the most recent quarter. 15.83% of the stock is 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.