Texas Community Bancshares (NASDAQ:TCBS) Releases Quarterly Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) issued its quarterly earnings data on Friday. The company reported $0.24 earnings per share (EPS) for the quarter, FiscalAI reports. Texas Community Bancshares had a return on equity of 4.47% and a net margin of 9.50%.The business had revenue of $3.86 million during the quarter.

Texas Community Bancshares Stock Performance

Shares of TCBS stock opened at $15.91 on Friday. Texas Community Bancshares has a 12 month low of $14.79 and a 12 month high of $19.40. The company’s fifty day simple moving average is $16.20 and its 200-day simple moving average is $16.02. The firm has a market cap of $47.19 million, a PE ratio of 20.39 and a beta of 0.06. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.93.

Texas Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a $0.04 dividend. The ex-dividend date was Thursday, September 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.0%. Texas Community Bancshares’s dividend payout ratio (DPR) is 20.51%.

Institutional Investors Weigh In On Texas Community Bancshares

An institutional investor recently bought a new position in Texas Community Bancshares stock. Fourthstone LLC acquired a new position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,470 shares of the company’s stock, valued at approximately $377,000. Fourthstone LLC owned about 0.79% of Texas Community Bancshares at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Texas Community Bancshares has an average rating of “Hold”.

About Texas Community Bancshares

Texas Community Bancshares, Inc operates as the bank holding company for Mineola Community Bank, S.S.B. that provides loans and banking services to consumers and commercial customers in Mineola, Texas and the surrounding area, and the Dallas Fort Worth Metroplex. It generates a selection of deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts.