Texas Community Bancshares (NASDAQ:TCBS) Stock Price Down 1% – Here’s Why

Texas Community Bancshares, Inc. (NASDAQ:TCBS)’s share price traded down 1% during mid-day trading on Monday . The company traded as low as $17.26 and last traded at $17.26. 881 shares changed hands during trading, a decline of 0% from the average daily volume of 885 shares. The stock had previously closed at $17.43.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Texas Community Bancshares has a consensus rating of “Hold”.

Texas Community Bancshares Stock Down 1.0%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day simple moving average of $17.48 and a 200-day simple moving average of $17.14. The firm has a market cap of $49.88 million, a price-to-earnings ratio of 15.85 and a beta of -0.03.

Texas Community Bancshares Increases Dividend

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

Institutional Trading of Texas Community Bancshares

A hedge fund recently bought a new stake in Texas Community Bancshares stock. BlackRock Inc. purchased a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,751 shares of the company’s stock, valued at approximately $136,000. BlackRock Inc. owned 0.27% of Texas Community Bancshares at the end of the most recent reporting period. Institutional investors own 15.83% of the company’s stock.

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.