TC Bancshares, Inc. (NASDAQ:TCBC) Short Interest Down 19.7% in March

TC Bancshares, Inc. (NASDAQ:TCBC - Get Free Report) saw a large decrease in short interest in March. As of March 31st, there was short interest totalling 10,600 shares, a decrease of 19.7% from the March 15th total of 13,200 shares. Based on an average daily trading volume, of 9,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.3% of the company's shares are sold short.

Institutional Trading of TC Bancshares

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in TC Bancshares by 8.3% in the 2nd quarter. BlackRock Inc. now owns 11,611 shares of the company's stock valued at $166,000 after buying an additional 891 shares in the last quarter. Northern Trust Corp purchased a new position in shares of TC Bancshares during the 4th quarter worth $199,000. Brown Advisory Inc. grew its holdings in shares of TC Bancshares by 29.4% during the 4th quarter. Brown Advisory Inc. now owns 17,584 shares of the company's stock worth $243,000 after purchasing an additional 3,994 shares during the period. Thomasville National Bank grew its holdings in shares of TC Bancshares by 7.7% during the 1st quarter. Thomasville National Bank now owns 33,613 shares of the company's stock worth $462,000 after purchasing an additional 2,400 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of TC Bancshares by 16.0% during the 2nd quarter. Geode Capital Management LLC now owns 35,966 shares of the company's stock worth $514,000 after purchasing an additional 4,974 shares during the period. 23.56% of the stock is currently owned by hedge funds and other institutional investors.

TC Bancshares Trading Up 0.7 %

NASDAQ:TCBC traded up $0.09 during trading hours on Friday, hitting $13.68. The company had a trading volume of 249 shares, compared to its average volume of 10,343. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $13.69 and a 200 day moving average of $13.54. The company has a market cap of $59.10 million, a P/E ratio of 228.00 and a beta of 0.05. TC Bancshares has a 1 year low of $12.35 and a 1 year high of $15.33.

TC Bancshares Company Profile

TC Bancshares, Inc operates as the holding company for TC Federal Bank that provides various banking services for individual and commercial customers in the United States. It accepts various deposit products, including personal checking accounts, business checking accounts, savings accounts, money market accounts, and certificates of deposit.