Texas Community Bancshares (NASDAQ:TCBS) Stock Crosses Above 50-Day Moving Average – What’s Next?

Texas Community Bancshares, Inc. (NASDAQ:TCBS) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $17.21 and traded as high as $17.25. Texas Community Bancshares shares last traded at $17.3260, with a volume of 5,905 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Texas Community Bancshares Stock Performance

The stock’s 50 day moving average is $17.21 and its two-hundred day moving average is $17.16. The firm has a market capitalization of $49.38 million, a P/E ratio of 14.23 and a beta of -0.01. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.96 and a quick ratio of 0.96.

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

Texas Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 8th. Texas Community Bancshares’s dividend payout ratio (DPR) is currently 19.83%.

Institutional Trading of Texas Community Bancshares

A hedge fund recently bought a new position in Texas Community Bancshares stock. EP Wealth Advisors LLC acquired a new position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,677 shares of the company’s stock, valued at approximately $927,000. EP Wealth Advisors LLC owned 1.82% of Texas Community Bancshares as of its most recent SEC filing. Institutional investors and hedge funds own 15.83% of the company’s stock.

About Texas Community Bancshares

Texas Community Bancshares, Inc (NASDAQ: TCBS) is a bank holding company headquartered in Mineola, Texas. The company operates through its wholly owned subsidiary, Mineola Community Bank, SSB, a community-oriented financial institution serving customers in East Texas.

Mineola Community Bank provides traditional banking products and services for individuals, families, farmers, and businesses. Its offerings include deposit accounts, consumer and commercial loans, mortgage lending, agricultural financing, and digital banking services.

The bank emphasizes relationship-based banking and serves communities through branch locations and other delivery channels in its East Texas market.