Texas Community Bancshares (NASDAQ:TCBS) Stock Price Down 1% - Here's Why

Key Points

• Texas Community Bancshares shares fell 1% to $17.26, with only 881 shares changing hands—roughly in line with its average volume. The company has a market capitalization of about $49.9 million and a P/E ratio of 15.85.
• Weiss Ratings reiterated a “hold (c)” rating, matching the broader analyst consensus of “Hold,” with no analyst currently recommending a buy or sell.
• The bank increased its quarterly dividend to $0.06 per share from $0.05, implying an annualized dividend of $0.24 and a 1.4% yield. Geode Capital Management also raised its stake by 21.1%, while institutional investors collectively own 15.83% of the company.

Shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS - Get Free Report) traded down 1% on Monday . The stock traded as low as $17.26 and last traded at $17.26. Approximately 881 shares were traded during trading, a decline of 0% from the average session volume of 885 shares. The stock had previously closed at $17.43.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Texas Community Bancshares in a report on Friday, July 17th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Texas Community Bancshares Trading Down 1.0%

The company has a debt-to-equity ratio of 0.77, a current ratio of 0.94 and a quick ratio of 0.94. The business's 50-day moving average is $17.48 and its two-hundred day moving average is $17.14. The firm has a market cap of $49.88 million, a P/E ratio of 15.85 and a beta of -0.03.

Texas Community Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Tuesday, June 2nd. This is a positive change from Texas Community Bancshares's previous quarterly dividend of $0.05. Texas Community Bancshares's dividend payout ratio is 22.02%.

Institutional Trading of Texas Community Bancshares

An institutional investor recently raised its stake in Texas Community Bancshares stock. Geode Capital Management LLC boosted its stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS - Free Report) by 21.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,781 shares of the company's stock after purchasing an additional 3,271 shares during the period. Geode Capital Management LLC owned 0.62% of Texas Community Bancshares worth $302,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.83% of the company's stock.

About Texas Community Bancshares

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.

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