Texas Community Bancshares (NASDAQ:TCBS) Stock Price Down 2.6% – What’s Next?

Shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) fell 2.6% during mid-day trading on Wednesday . The stock traded as low as $16.36 and last traded at $16.37. 1,826 shares were traded during mid-day trading, an increase of 112% from the average session volume of 860 shares. The stock had previously closed at $16.80.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Texas Community Bancshares in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Texas Community Bancshares currently has an average rating of “Hold”.

Texas Community Bancshares Trading Up 13.7%

The company has a market cap of $53.81 million, a P/E ratio of 21.75 and a beta of 0.04. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average price of $16.79 and a 200-day moving average price of $16.47.

Texas Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, March 10th. Texas Community Bancshares’s dividend payout ratio (DPR) is 23.53%.

Texas Community Bancshares announced that its board has initiated a share buyback plan on Tuesday, December 16th that allows the company to repurchase $140,000.00 in shares. This repurchase authorization allows the company to repurchase up to 0.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On Texas Community Bancshares

An institutional investor recently bought a new stake in Texas Community Bancshares stock. Fourthstone LLC acquired a new position in shares of Texas Community Bancshares, Inc. (NASDAQ:TCBS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,470 shares of the company’s stock, valued at approximately $377,000. Fourthstone LLC owned 0.79% of Texas Community Bancshares as of its most recent SEC filing. 15.83% of the stock is owned by institutional investors.

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.