Texas Community Bancshares, Inc. (NASDAQ:TCBS) Announces $0.05 Quarterly Dividend

Texas Community Bancshares, Inc. (NASDAQ:TCBS) declared a quarterly dividend on Tuesday, February 24th. Investors of record on Tuesday, March 10th will be paid a dividend of 0.05 per share on Tuesday, March 24th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, March 10th.

Texas Community Bancshares Trading Up 0.1%

TCBS stock traded up $0.01 during mid-day trading on Wednesday, hitting $16.76. 1,266 shares of the company were exchanged, compared to its average volume of 2,195. The business has a fifty day simple moving average of $16.91 and a 200-day simple moving average of $16.39. The firm has a market capitalization of $48.77 million, a P/E ratio of 19.72 and a beta of 0.04. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.91. Texas Community Bancshares has a 12-month low of $15.01 and a 12-month high of $20.00.

Institutional Inflows and Outflows

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

About Texas Community Bancshares

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.