Texas Community Bancshares, Inc. (NASDAQ:TCBS) Declares $0.06 Quarterly Dividend

Texas Community Bancshares, Inc. (NASDAQ:TCBS) announced a quarterly dividend on Tuesday, August 25th. Investors of record on Tuesday, September 8th will be paid a dividend of 0.06 per share on Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 8th.

Texas Community Bancshares Price Performance

Shares of NASDAQ TCBS opened at $17.67 on Wednesday. The firm has a market cap of $50.71 million, a P/E ratio of 14.62 and a beta of -0.03. Texas Community Bancshares has a twelve month low of $15.72 and a twelve month high of $20.00. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $17.58 and a 200 day moving average of $17.17.

Texas Community Bancshares (NASDAQ:TCBS) last issued its earnings results on Tuesday, August 11th. The company reported $0.35 EPS for the quarter. The business had revenue of $4.41 million for the quarter. Texas Community Bancshares had a return on equity of 6.14% and a net margin of 12.68%.

Institutional Trading of Texas Community Bancshares

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Texas Community Bancshares by 21.1% during the second quarter. Geode Capital Management LLC now owns 18,781 shares of the company’s stock valued at $302,000 after purchasing an additional 3,271 shares during the period. BlackRock Inc. purchased a new stake in Texas Community Bancshares in the second quarter worth approximately $136,000. Finally, EP Wealth Advisors LLC bought a new stake in Texas Community Bancshares in the 2nd quarter worth approximately $927,000. 15.83% of the stock is currently owned by institutional investors.

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.