Barclays PLC Has $426,000 Stock Position in Third Coast Bancshares, Inc. (NASDAQ:TCBX)

Barclays PLC grew its stake in shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX - Free Report) by 254.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,929 shares of the company's stock after buying an additional 11,437 shares during the quarter. Barclays PLC owned about 0.12% of Third Coast Bancshares worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TCBX. Federated Hermes Inc. boosted its stake in Third Coast Bancshares by 196.6% during the second quarter. Federated Hermes Inc. now owns 1,649 shares of the company's stock valued at $35,000 after buying an additional 1,093 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Third Coast Bancshares by 150.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,081 shares of the company's stock valued at $109,000 after purchasing an additional 2,454 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Third Coast Bancshares in the 3rd quarter worth approximately $115,000. Seizert Capital Partners LLC bought a new stake in shares of Third Coast Bancshares in the 3rd quarter worth approximately $321,000. Finally, AQR Capital Management LLC acquired a new stake in Third Coast Bancshares during the second quarter valued at approximately $255,000. 36.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Third Coast Bancshares news, insider William Bobbora acquired 1,450 shares of Third Coast Bancshares stock in a transaction that occurred on Thursday, December 5th. The stock was purchased at an average cost of $35.33 per share, with a total value of $51,228.50. Following the purchase, the insider now owns 6,050 shares in the company, valued at approximately $213,746.50. The trade was a 31.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.20% of the stock is owned by company insiders.

Third Coast Bancshares Stock Up 1.0 %

Third Coast Bancshares stock traded up $0.34 during mid-day trading on Friday, hitting $33.10. The company's stock had a trading volume of 34,805 shares, compared to its average volume of 62,093. The stock has a market capitalization of $452.77 million, a P/E ratio of 12.98 and a beta of 0.31. Third Coast Bancshares, Inc. has a twelve month low of $18.00 and a twelve month high of $37.65. The stock's fifty day moving average price is $34.54 and its two-hundred day moving average price is $28.80.

Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.21. The business had revenue of $85.24 million for the quarter, compared to analysts' expectations of $41.09 million. Third Coast Bancshares had a return on equity of 10.14% and a net margin of 13.23%. During the same period in the previous year, the firm posted $0.32 EPS. Equities analysts expect that Third Coast Bancshares, Inc. will post 2.68 earnings per share for the current year.

Third Coast Bancshares Company Profile

Third Coast Bancshares, Inc operates as a bank holding company for Third Coast Bank, SSB that provides various commercial banking solutions to small and medium-sized businesses, and professionals. The company's deposit products include checking, savings, individual retirement, and money market accounts, as well as certificates of deposit.