Third Coast Bancshares (TCBX) to Release Earnings on Thursday

Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Third Coast Bancshares to post earnings of $0.68 per share and revenue of $43,790.00 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.53 by $0.21. The company had revenue of $85.24 million for the quarter, compared to analyst estimates of $41.09 million. Third Coast Bancshares had a net margin of 13.23% and a return on equity of 10.14%. During the same quarter last year, the business earned $0.32 earnings per share. 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 Down 0.4 %

Shares of Third Coast Bancshares stock traded down $0.14 during trading hours on Thursday, reaching $32.76. The stock had a trading volume of 43,458 shares, compared to its average volume of 66,046. The stock's 50 day moving average is $34.58 and its 200 day moving average is $28.62. Third Coast Bancshares has a twelve month low of $18.00 and a twelve month high of $37.65. The firm has a market capitalization of $448.16 million, a PE ratio of 12.85 and a beta of 0.31.

Insider Buying and Selling

In related news, insider William Bobbora purchased 1,450 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The stock was bought at an average price of $35.33 per share, with a total value of $51,228.50. Following the acquisition, the insider now owns 6,050 shares in the company, valued at $213,746.50. The trade was a 31.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.20% of the stock is currently owned by insiders.

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.