Third Coast Bancshares (TCBX) Stock Price, News & Analysis

Company Overview

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. It also offers commercial and industrial loans, equipment loans, working capital lines of credit, guaranteed loans, auto finance, letters of credit, commercial and residential real estate, and construction, development, and other loans. In addition, the company provides retail and commercial online banking platforms, mobile banking apps, mortgage, treasury management solutions, merchant card services, and customer digital solutions, as well as debit and credit cards. Third Coast Bancshares, Inc. was founded in 2008 and is headquartered in Humble, Texas.

Key Stats

• Today's Range: $33.03 to $34.63
• 50-Day Range: $27.35 to $37.28
• 52-Week Range: $18.00 to $37.65
• Volume: 117,127 shs
• Average Volume: 46,202 shs
• Market Capitalization: $468.51 million
• P/E Ratio: 13.43
• Dividend Yield: N/A
• Price Target: $25.33
• Consensus Rating: Moderate Buy

Third Coast Bancshares Stock Analysis - MarketRank™

Third Coast Bancshares scored higher than 38% of companies evaluated by MarketBeat, and ranked 736th out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Third Coast Bancshares has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Third Coast Bancshares has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.10%

Earnings Growth

Earnings for Third Coast Bancshares are expected to grow by 4.10% in the coming year, from $2.68 to $2.79 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Third Coast Bancshares is 13.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.09.

Price to Earnings Ratio vs. Sector

The P/E ratio of Third Coast Bancshares is 13.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.54.

Price to Book Value per Share Ratio

Third Coast Bancshares has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.58% of the float of Third Coast Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Third Coast Bancshares has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Third Coast Bancshares has recently increased by 22.42%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Third Coast Bancshares does not currently pay a dividend.

Dividend Growth

Third Coast Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Third Coast Bancshares is 661.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Third Coast Bancshares will have a dividend payout ratio of 604.66% in the coming year. This indicates that Third Coast Bancshares may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.58% of the float of Third Coast Bancshares has been sold short.

Short Interest Ratio / Days to Cover

Third Coast Bancshares has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Third Coast Bancshares has recently increased by 22.42%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.90

News Sentiment

Third Coast Bancshares has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Third Coast Bancshares this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for TCBX on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Third Coast Bancshares to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Third Coast Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $51,228.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

10.20% of the stock of Third Coast Bancshares is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 36.88% of the stock of Third Coast Bancshares is held by institutions.

TCBX Stock Analysis - Frequently Asked Questions

How have TCBX shares performed this year?

Third Coast Bancshares' stock was trading at $19.87 at the start of the year. Since then, TCBX shares have increased by 72.4% and is now trading at $34.25.
View the best growth stocks for 2024 here.

How were Third Coast Bancshares' earnings last quarter?

Third Coast Bancshares, Inc. (NASDAQ:TCBX) issued its quarterly earnings data on Wednesday, October, 23rd. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.21. The business had revenue of $85.24 million for the quarter, compared to analyst estimates of $41.09 million. Third Coast Bancshares had a trailing twelve-month return on equity of 10.14% and a net margin of 13.23%.

When did Third Coast Bancshares IPO?

Third Coast Bancshares (TCBX) raised $88 million in an initial public offering (IPO) on Tuesday, November 9th 2021. The company issued 3,500,000 shares at $24.00-$26.00 per share.

Who are Third Coast Bancshares' major shareholders?

Top institutional shareholders of Third Coast Bancshares include Banc Funds Co. LLC (3.16%), Geode Capital Management LLC (2.01%), Wasatch Advisors LP (1.86%) and State Street Corp (1.60%). Insiders that own company stock include Dennis Bonnen, Richard J Mcwhorter, Vicki Alexander, Audrey Duncan, William Bobbora, Michael Deckert and Martin Basaldua.
View institutional ownership trends.

How do I buy shares of Third Coast Bancshares?

Shares of TCBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Third Coast Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Third Coast Bancshares investors own include Humana (HUM), American Water Works (AWK), Voyager Therapeutics (VYGR), Waste Connections (WCN), TotalEnergies (TTE), The RMR Group (RMR) and Southern First Bancshares (SFST).

Company Calendar

• Last Earnings: 10/23/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Savings institutions, except federal
• Sub-Industry: Banking
• Current Symbol: NASDAQ:TCBX
• CUSIP: N/A
• CIK: 1781730
• Web: www.tcbssb.com
• Phone: 281-446-7000
• Fax: N/A
• Employees: 330
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $25.33
• High Stock Price Target: $28.00
• Low Stock Price Target: $22.00
• Potential Upside/Downside: -26.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.55
• Trailing P/E Ratio: 13.43
• Forward P/E Ratio: 12.78
• P/E Growth: N/A
• Net Income: $33.40 million
• Net Margins: 13.23%
• Pretax Margin: 16.80%
• Return on Equity: 10.14%
• Return on Assets: 0.96%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.01
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $163.71 million
• Price / Sales: 2.86
• Cash Flow: $2.14 per share
• Price / Cash Flow: 15.98
• Book Value: $30.28 per share
• Price / Book: 1.13

Miscellaneous

• Outstanding Shares: 13,679,000
• Free Float: 12,284,000
• Market Cap: $468.51 million
• Optionable: Not Optionable
• Beta: 0.27