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

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

Texas Community Bancshares Price Performance

Shares of NASDAQ TCBS opened at $16.58 on Wednesday. Texas Community Bancshares has a fifty-two week low of $15.10 and a fifty-two week high of $20.00. The firm’s 50-day simple moving average is $17.07 and its 200 day simple moving average is $16.73. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77. The stock has a market cap of $47.90 million, a P/E ratio of 15.22 and a beta of -0.01.

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

Hedge Funds Weigh In On Texas Community Bancshares

A hedge fund recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC raised its holdings in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter. Institutional investors own 15.83% of the company’s stock.

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.