Item 5. Market for Registrant’s Common Equity
ITEM 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The common stock of Texas Community Bancshares is listed on The Nasdaq Capital Market under the symbol “TCBS”. As of March 1, 2024, we had 589 stockholders of record, and 3,198,881 shares of common stock outstanding.
The payment and amount of any dividend payments is subject to statutory and regulatory limitations, and depends upon a number of factors, including the following: regulatory capital requirements; our financial condition and results of operations; tax considerations; and general economic conditions.
On May 16, 2023, the Company announced a program to repurchase up to 164,842 shares of the Company’s outstanding common stock or approximately 5% of the shares then outstanding. On November 9, 2023, after completing the purchase of 164,842 shares, the Company announced a second repurchase program of 161,316 shares, or approximately 5% of the shares outstanding. The program has no stated expiration date.
The following table summarizes the Company’s repurchases of its outstanding shares of common stock during the quarter ended December 31, 2023.
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number of
Shares Purchased as Part of Publicly
Announced Plans
Maximum Number of
Shares That May
Yet be Purchased
Under the Plans
October 1, 2023 - October 31, 2023
29,500
$
12.81
29,500
7,925
November 1, 2023 - November 30, 2023
7,925
12.75
7,925
161,316
December 1, 2023 - December 31, 2023
10,000
12.33
10,000
151,316
Total
47,425
$
12.70
47,425
There were no sales of unregistered securities during the year ended December 31, 2023.
ITEM 6. Reserved
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.