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

Texas Community Bancshares (NASDAQ:TCBS) posted its quarterly earnings data on Tuesday. The company reported $0.19 EPS 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 TCBS traded up $0.10 during trading hours on Tuesday, reaching $17.25. The company’s stock had a trading volume of 2,994 shares, compared to its average volume of 2,549. The company has a 50 day moving average of $17.21 and a two-hundred day moving average of $17.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.84. The firm has a market cap of $49.51 million, a price-to-earnings ratio of 14.27 and a beta of -0.01. Texas Community Bancshares has a 1-year low of $15.72 and a 1-year high of $20.00.

Texas Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Stockholders of record on Tuesday, September 8th were issued a $0.06 dividend. The ex-dividend date 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 is currently 19.83%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Texas Community Bancshares 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.