Texas Community Bancshares (NASDAQ:TCBS) Posts Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) posted its quarterly earnings data on Wednesday. The company reported $0.31 EPS for the quarter, FiscalAI reports. The company had revenue of $4.37 million during the quarter. Texas Community Bancshares had a return on equity of 4.77% and a net margin of 9.98%.

Texas Community Bancshares Stock Down 0.1%

NASDAQ TCBS traded down $0.01 during trading on Wednesday, reaching $17.64. 737 shares of the company’s stock were exchanged, compared to its average volume of 2,392. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.89 and a current ratio of 0.89. Texas Community Bancshares has a 1 year low of $15.01 and a 1 year high of $20.00. The stock has a market cap of $51.33 million, a P/E ratio of 20.75 and a beta of 0.04. The company has a 50 day moving average price of $16.84 and a two-hundred day moving average price of $16.49.

Texas Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Tuesday, March 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. Texas Community Bancshares’s dividend payout ratio is currently 23.53%.

Texas Community Bancshares announced that its Board of Directors has initiated a share buyback program on Tuesday, December 16th that allows the company to buyback $140,000.00 in shares. This buyback authorization allows the company to purchase up to 0.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Texas Community Bancshares

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC raised its position in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the 2nd quarter, according to its most recent filing with the 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 15.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Texas Community Bancshares presently has a consensus 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.