Texas Community Bancshares, Inc. (NASDAQ:TCBS) Announces Quarterly Dividend of $0.06

Texas Community Bancshares, Inc. (NASDAQ:TCBS) announced a quarterly dividend on Tuesday, May 19th. Investors of record on Tuesday, June 2nd will be given a dividend of 0.06 per share on Tuesday, June 16th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, June 2nd. This is a 20.0% increase from Texas Community Bancshares’s previous quarterly dividend of $0.05.

Texas Community Bancshares Stock Performance

NASDAQ:TCBS opened at $16.58 on Wednesday. The stock has a market cap of $47.90 million, a P/E ratio of 15.22 and a beta of -0.01. The firm’s fifty day simple moving average is $17.07 and its 200 day simple moving average is $16.73. Texas Community Bancshares has a twelve month low of $15.10 and a twelve month high of $20.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.77.

Texas Community Bancshares (NASDAQ:TCBS) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.31 earnings per share for the quarter. Texas Community Bancshares had a net margin of 11.79% and a return on equity of 5.66%. The business had revenue of $4.32 million for the quarter.

Hedge Funds Weigh In On Texas Community Bancshares

An institutional investor recently raised its position in Texas Community Bancshares stock. Geode Capital Management LLC raised its stake in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) by 21.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,781 shares of the company’s stock after acquiring an additional 3,271 shares during the period. Geode Capital Management LLC owned approximately 0.62% of Texas Community Bancshares worth $302,000 as of its most recent SEC filing. Institutional investors 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.