Bank Buzz: NB Bancorp Looks Inexpensive With Multiple Catalysts To Deliver Returns [Seeking Alpha]
Texas Community Bancshares, Inc. (TCBS)
Company Research
Source: Seeking Alpha
We highlight a few potential ideas, including NBBK, TCBS, and FSEA. NB Bancorp, trading at 77% of tangible book value, is expected to repurchase shares and potentially issue dividends, leading to a total return of 20-30% over the next 24 months. Welcome back to the third edition of Bank Buzz, where we cover the community bank sector, with a specific focus on mutual conversions, our favorite niche within a niche. Historically, investments in banks trading below tangible book value with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams have generated attractive returns. In today's issue, we share a few brief insights from the thrift conversion universe and then spotlight NB Bancorp ( NASDAQ: NBBK ), which converted from a mutual stock holding company in late December. Comp Table & Quick Takes Our mutual conversion universe performed well recently, outpacing most benchmarks. For example, since early December, the group has appreci
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TCBS
News
- Do These 3 Checks Before Buying Texas Community Bancshares, Inc. (NASDAQ:TCBS) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Texas Community Bancshares, Inc. Declares Dividend IncreasePR Newswire
- TEXAS COMMUNITY BANCSHARES, INC. REPORTS UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2023 [Yahoo! Finance]Yahoo! Finance
- TEXAS COMMUNITY BANCSHARES, INC. REPORTS UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2023PR Newswire
TCBS
Sec Filings
- 4/18/24 - Form DEF
- 3/27/24 - Form 10-K
- 2/29/24 - Form 4
- TCBS's page on the SEC website