EP Wealth Advisors LLC Acquires New Stake in Texas Community Bancshares, Inc. $TCBS

EP Wealth Advisors LLC acquired a new stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) during the second quarter, Holdings Channel reports. The fund acquired 52,677 shares of the company’s stock, valued at approximately $927,000.

Separately, BlackRock Inc. purchased a new stake in shares of Texas Community Bancshares during the second quarter worth $136,000. Institutional investors own 15.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Texas Community Bancshares Price Performance

NASDAQ TCBS opened at $17.50 on Monday. Texas Community Bancshares, Inc. has a 52 week low of $15.72 and a 52 week high of $20.00. The firm has a market cap of $50.23 million, a PE ratio of 14.47 and a beta of -0.03. The business’s fifty day simple moving average is $17.57 and its 200-day simple moving average is $17.16. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.84.

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

Texas Community Bancshares 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.