Texas Community Bancshares (NASDAQ:TCBS) Releases Earnings Results

Texas Community Bancshares (NASDAQ:TCBS) announced its earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, Zacks reports. Texas Community Bancshares had a net margin of 12.68% and a return on equity of 6.14%.

Texas Community Bancshares Stock Up 0.6%

Shares of NASDAQ TCBS traded up $0.10 on Tuesday, reaching $17.25. 2,994 shares of the company’s stock traded hands, compared to its average volume of 2,549. The business’s 50 day simple moving average is $17.21 and its two-hundred day simple moving average is $17.17. Texas Community Bancshares has a 12 month low of $15.72 and a 12 month high of $20.00. The company has a market cap of $49.51 million, a price-to-earnings ratio of 14.27 and a beta of -0.01. 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 Dividend Announcement

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

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Texas Community Bancshares in a report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Texas Community Bancshares Company Profile

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.