TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 3,700 shares, a decrease of 40.3% from the September 30th total of 6,200 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is currently 0.6 days.
TC Bancshares Trading Up 0.4 %
Shares of NASDAQ:TCBC traded up $0.05 during trading on Friday, reaching $14.97. 2,677 shares of the stock traded hands, compared to its average volume of 5,557. The stock has a 50-day moving average of $14.42 and a two-hundred day moving average of $13.83. TC Bancshares has a 52-week low of $12.00 and a 52-week high of $15.15.
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TC Bancshares (NASDAQ:TCBC – Get Rating) last posted its quarterly earnings results on Thursday, August 11th. The company reported $0.12 EPS for the quarter. TC Bancshares had a net margin of 15.76% and a return on equity of 3.02%. The firm had revenue of $3.95 million for the quarter.
Institutional Investors Weigh In On TC Bancshares
A hedge fund recently raised its stake in TC Bancshares stock. Vanguard Group Inc. increased its stake in TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) by 6.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,361 shares of the company's stock after purchasing an additional 10,098 shares during the quarter. Vanguard Group Inc. owned 4.04% of TC Bancshares worth $2,277,000 at the end of the most recent quarter. Institutional investors and hedge funds own 14.10% of the company's stock.
About TC Bancshares
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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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