TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 5,600 shares, an increase of 51.4% from the October 15th total of 3,700 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in TC Bancshares stock. Vanguard Group Inc. increased its stake in shares of TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) by 6.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 161,361 shares of the company's stock after buying an additional 10,098 shares during the period. Vanguard Group Inc. owned about 4.04% of TC Bancshares worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission. 14.10% of the stock is currently owned by institutional investors.
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TC Bancshares Trading Down 1.0 %
NASDAQ TCBC traded down $0.16 during trading on Friday, reaching $14.94. The company's stock had a trading volume of 414 shares, compared to its average volume of 2,508. TC Bancshares has a twelve month low of $12.00 and a twelve month high of $15.15. The business's fifty day moving average price is $14.56 and its 200-day moving average price is $13.90.
TC Bancshares (NASDAQ:TCBC – Get Rating) last issued its quarterly earnings results on Thursday, August 11th. The company reported $0.12 earnings per share (EPS) for the quarter. TC Bancshares had a net
margin of 15.76% and a return on equity of 3.02%. The business had revenue of $3.95 million for the quarter.
TC Bancshares Company Profile
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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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