Texas Community Bancshares (NASDAQ:TCBS) Releases Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) issued its earnings results on Friday. The company reported $0.42 earnings per share (EPS) for the quarter, Zacks reports. Texas Community Bancshares had a net margin of 11.11% and a return on equity of 5.34%.

Texas Community Bancshares Stock Up 0.1%

Texas Community Bancshares stock opened at $16.90 on Friday. The stock has a market cap of $48.75 million, a P/E ratio of 16.92 and a beta of 0.02. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.85. Texas Community Bancshares has a twelve month low of $15.09 and a twelve month high of $20.00. The company’s 50-day moving average price is $17.05 and its two-hundred day moving average price is $16.65.

Texas Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, March 10th. Texas Community Bancshares’s dividend payout ratio is presently 20.00%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC raised its stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,781 shares of the company’s stock after acquiring 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 reporting period. Institutional investors and hedge funds own 15.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Community Bancshares in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Texas Community Bancshares has an average rating of “Hold”.

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.