TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating)'s share price shot up 0.3% during mid-day trading on Tuesday . The stock traded as high as $14.35 and last traded at $14.33. 3,917 shares changed hands during trading, a decline of 28% from the average session volume of 5,452 shares. The stock had previously closed at $14.29.

TC Bancshares Stock Performance

The firm has a 50-day moving average price of $14.04 and a 200-day moving average price of $13.67.

Institutional Investors Weigh In On TC Bancshares

A hedge fund recently raised its stake in TC Bancshares stock. Vanguard Group Inc. increased its position in TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) by 6.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 161,361 shares of the company's stock after acquiring an additional 10,098 shares during the quarter. Vanguard Group Inc. owned about 4.04% of TC Bancshares worth $2,277,000 as of its most recent SEC filing. Institutional investors and hedge funds own 14.10% of the company's stock.

About TC Bancshares

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.

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