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

Texas Community Bancshares (NASDAQ:TCBS) released its earnings results on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, Zacks reports. Texas Community Bancshares had a net margin of 11.79% and a return on equity of 5.66%.

Texas Community Bancshares Stock Performance

Texas Community Bancshares stock opened at $17.30 on Wednesday. The firm has a market capitalization of $50.00 million, a PE ratio of 15.89 and a beta of -0.03. Texas Community Bancshares has a one year low of $15.72 and a one year high of $20.00. The stock’s 50 day moving average price is $17.49 and its 200 day moving average price is $17.15. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.94 and a current ratio of 0.94.

Texas Community Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 2nd. This is an increase from Texas Community Bancshares’s previous quarterly dividend of $0.05. Texas Community Bancshares’s dividend payout ratio (DPR) is 22.02%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Texas Community Bancshares in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Texas Community Bancshares has an average rating of “Hold”.

Institutional Investors Weigh In On Texas Community Bancshares

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC boosted its position in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,781 shares of the company’s stock after buying an additional 3,271 shares during the quarter. Geode Capital Management LLC owned 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 institutional investors and hedge funds.

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.