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

Texas Community Bancshares (NASDAQ:TCBS) issued its earnings results on Tuesday. The company reported $0.35 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $4.41 million for the quarter. Texas Community Bancshares had a net margin of 12.68% and a return on equity of 6.18%.

Texas Community Bancshares Stock Performance

Shares of NASDAQ:TCBS traded down $0.10 during trading on Thursday, reaching $17.26. 3,539 shares of the company’s stock traded hands, compared to its average volume of 868. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94. Texas Community Bancshares has a 12 month low of $15.72 and a 12 month high of $20.00. The company has a 50 day moving average of $17.50 and a 200-day moving average of $17.15. The stock has a market capitalization of $49.80 million, a P/E ratio of 14.28 and a beta of -0.03.

Texas Community Bancshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $0.06 dividend. This is a boost from Texas Community Bancshares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. Texas Community Bancshares’s dividend payout ratio (DPR) is presently 19.83%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Texas Community Bancshares

An institutional investor recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC increased its stake in Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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. Hedge funds and other institutional investors own 15.83% of the company’s stock.

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.