Yahoo Finance Director Anthony Scavuzzo Acquires 7,001 Shares of Texas Community Bancshares Inc (TCBS)
On May 31, 2024, Director Anthony Scavuzzo purchased 7,001 shares of Texas Community Bancshares Inc (NASDAQ:TCBS), as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 68,258 shares of the company.
Texas Community Bancshares Inc operates as a bank holding company primarily engaged in providing a wide range of banking and financial services. This includes personal and business banking services, as well as loans and investment options.
The transaction occurred with shares priced at $14.33, valuing the purchase at approximately $100,331. This acquisition has contributed to a total of 11 insider buys over the past year for the company, compared to 5 insider sells in the same period.
With a market cap of $44.63 million and the stock's price on the day of purchase, Texas Community Bancshares Inc is evaluated in terms of various financial metrics. The company's shares are currently trading close to the GF Value, with a price-to-GF-Value ratio of 1.09, indicating the stock is Fairly Valued.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on past returns and growth, and future business performance estimates from analysts.
This insider activity might be a significant indicator for investors, as it reflects the actions of those who have in-depth knowledge of the company. The insider's decision to increase their stake could be seen as a positive signal regarding the company's future prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
