Texas Community Bancshares (NASDAQ:TCBS) Trading Down 1% – Should You Sell?

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, the stock presently has an average rating of “Hold”.

Texas Community Bancshares Price Performance

The company has a 50 day moving average of $17.49 and a 200 day moving average of $17.15. The stock has a market capitalization of $50.17 million, a price-to-earnings ratio of 15.94 and a beta of -0.03. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77.

Texas Community Bancshares (NASDAQ:TCBS) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.35 earnings per share (EPS) for the quarter. Texas Community Bancshares had a return on equity of 5.66% and a net margin of 11.79%.The firm had revenue of $4.41 million for the quarter.

Texas Community Bancshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were given a $0.06 dividend. This is a boost from Texas Community Bancshares’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Community Bancshares’s dividend payout ratio is 22.02%.

Institutional Investors Weigh In On Texas Community Bancshares

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Texas Community Bancshares during the second quarter worth approximately $136,000. Geode Capital Management LLC boosted its holdings in shares of Texas Community Bancshares by 21.1% in the 2nd quarter. Geode Capital Management LLC now owns 18,781 shares of the company’s stock valued at $302,000 after purchasing an additional 3,271 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Texas Community Bancshares in the 2nd quarter valued at $927,000. 15.83% of the stock is currently owned by hedge funds and other institutional investors.

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.