Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Third Coast Bancshares to post earnings of $0.70 per share and revenue of $46.02 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. Third Coast Bancshares had a return on equity of 10.93% and a net margin of 14.06%. On average, analysts expect Third Coast Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Third Coast Bancshares Trading Up 1.3 %
TCBX stock traded up $0.38 during mid-day trading on Friday, hitting $29.15. The stock had a trading volume of 58,166 shares, compared to its average volume of 59,350. The stock has a market capitalization of $401.95 million, a price-to-earnings ratio of 10.52 and a beta of 0.40. Third Coast Bancshares has a 1-year low of $18.26 and a 1-year high of $39.45. The company has a fifty day moving average of $33.06 and a 200 day moving average of $33.15.
Insider Activity
In other news, insider William Bobbora bought 2,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were bought at an average price of $32.35 per share, with a total value of $64,700.00. Following the completion of the transaction, the insider now owns 41,639 shares of the company's stock, valued at $1,347,021.65. This trade represents a 5.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.20% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several equities research analysts recently weighed in on TCBX shares. Stephens reiterated an "overweight" rating and issued a $42.00 target price on shares of Third Coast Bancshares in a research note on Thursday, January 23rd. Raymond James downgraded shares of Third Coast Bancshares from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods cut Third Coast Bancshares from an "outperform" rating to a "market perform" rating and increased their target price for the stock from $40.00 to $42.00 in a report on Wednesday, January 29th.
View Our Latest Analysis on TCBX
Third Coast Bancshares Company Profile
(
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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.
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