TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,300 shares, an increase of 18.2% from the July 31st total of 1,100 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Trading of TC Bancshares
A hedge fund recently raised its stake in TC Bancshares stock. Vanguard Group Inc. grew its stake in shares of TC Bancshares, Inc. (NASDAQ:TCBC – Get Rating) by 6.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 161,361 shares of the company's stock after buying an additional 10,098 shares during the period. Vanguard Group Inc. owned 4.04% of TC Bancshares worth $2,277,000 as of its most recent SEC filing. 14.42% of the stock is owned by hedge funds and other institutional investors.
Get TC Bancshares alerts:TC Bancshares Price Performance
TCBC traded down $0.20 during trading on Friday, reaching $14.05. The company's stock had a trading volume of 1,603 shares, compared to its average volume of 5,313. The company's fifty day moving average price is $13.81 and its 200-day moving average price is $13.62. TC Bancshares has a 52-week low of $12.00 and a 52-week high of $14.50.
TC Bancshares Dividend Announcement
The company also recently announced a — dividend, which was paid on Friday, July 15th. Investors of record on Monday, June 27th were paid a $0.05 dividend. This represents a yield of 0.7%. The ex-dividend date was Friday, June 24th.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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