Texas Community Bancshares, Inc. (TCBS) To Go Ex-Dividend on June 2nd

Texas Community Bancshares, Inc. (NASDAQ:TCBS) declared a quarterly dividend on Tuesday, May 19th. Shareholders of record on Tuesday, June 2nd will be paid a dividend of 0.06 per share on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, June 2nd. This is a 20.0% increase from Texas Community Bancshares’s previous quarterly dividend of $0.05.

Texas Community Bancshares Trading Down 0.6%

Shares of TCBS stock opened at $16.75 on Friday. The business’s 50 day moving average is $17.09 and its two-hundred day moving average is $16.77. Texas Community Bancshares has a twelve month low of $15.10 and a twelve month high of $20.00. The company has a market capitalization of $48.32 million, a P/E ratio of 15.38 and a beta of -0.01. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.77.

Texas Community Bancshares (NASDAQ:TCBS) last announced its earnings results on Wednesday, March 25th. The company reported $0.31 earnings per share for the quarter. Texas Community Bancshares had a return on equity of 5.66% and a net margin of 11.79%.The company had revenue of $4.32 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.