Interactive Brokers shares jump as it secures spot in S&P 500
Sherrill Johnny, a director at Texas Community Bancshares , Inc. (NASDAQ:TCBS), a profitable community bank with a market capitalization of $44 million, recently acquired 600 shares of the company’s common stock. The purchase, made on May 7, 2025, was executed at a price of $15.625 per share, totaling $9,375. According to InvestingPro data, the company shows strong revenue growth of 54% over the last twelve months. Following this transaction, Johnny’s direct ownership stands at 53,857 shares.
In addition to the recent stock purchase, Johnny holds stock options for 8,144 shares, which vest at a rate of 20% per year, starting from August 31, 2023. The options have an exercise price of $16.00 and are set to expire on August 31, 2032.
In other recent news, Texas Community Bancshares, Inc., the parent company of Broadstreet Bank, SSB, has announced a new stock repurchase program. The board has authorized the buyback of up to 153,083 shares, which accounts for about 5% of its outstanding common stock as of February 25, 2025. This initiative comes after the company completed over 85% of its previous repurchase program, which targeted 161,316 shares. The repurchases will be conducted on the open market, potentially under a SEC Rule 10b5-1 trading plan, or through privately negotiated transactions, depending on market conditions. Texas Community Bancshares has emphasized that there is no assurance on the exact number of shares it will repurchase. The company also highlighted its intention to maintain financial flexibility to support ongoing investments in its core operations. The new stock repurchase program may be modified or terminated at any time. This move is part of the company’s commitment to enhancing shareholder value while managing capital efficiently.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.