Texas Community Bancshares (NASDAQ:TCBS) Trading Up 0.9% – Still a Buy?

Texas Community Bancshares, Inc. (NASDAQ:TCBS)’s share price were up 0.9% on Tuesday . The stock traded as high as $17.10 and last traded at $17.2490. Approximately 611 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 2,124 shares. The stock had previously closed at $17.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Texas Community Bancshares Stock Up 0.9%

The business’s 50-day moving average price is $17.02 and its 200-day moving average price is $16.60. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $49.85 million, a PE ratio of 17.27 and a beta of 0.02.

Texas Community Bancshares (NASDAQ:TCBS) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $4.37 million during the quarter. Texas Community Bancshares had a net margin of 11.11% and a return on equity of 5.34%.

Texas Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th were paid 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 1.2%. Texas Community Bancshares’s dividend payout ratio is 20.00%.

Texas Community Bancshares declared that its board has authorized a share buyback program on Tuesday, December 16th that authorizes the company to repurchase $140,000.00 in outstanding shares. This repurchase authorization authorizes the company to purchase up to 0.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Texas Community Bancshares

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC lifted its stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,781 shares of the company’s stock after acquiring an additional 3,271 shares during the quarter. Geode Capital Management LLC owned approximately 0.62% of Texas Community Bancshares worth $302,000 as of its most recent filing with the Securities and Exchange Commission. 15.83% of the stock is currently owned by institutional investors.

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.