William Bobbora Purchases 1,450 Shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX) Stock

Third Coast Bancshares, Inc. (NASDAQ:TCBX - Get Free Report) insider William Bobbora bought 1,450 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were purchased at an average price of $35.33 per share, for a total transaction of $51,228.50. Following the completion of the purchase, the insider now directly owns 6,050 shares of the company's stock, valued at approximately $213,746.50. This trade represents a 31.52 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Third Coast Bancshares Price Performance

Shares of NASDAQ:TCBX remained flat at $35.10 on Friday. The stock had a trading volume of 45,219 shares, compared to its average volume of 43,728. The stock's fifty day moving average is $31.46 and its 200-day moving average is $25.75. The stock has a market capitalization of $480.13 million, a P/E ratio of 13.76 and a beta of 0.27. Third Coast Bancshares, Inc. has a twelve month low of $18.00 and a twelve month high of $37.15.

Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.21. The business had revenue of $85.24 million during the quarter, compared to the consensus estimate 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 business earned $0.32 EPS. Equities analysts predict that Third Coast Bancshares, Inc. will post 2.68 EPS for the current fiscal year.

Institutional Trading of Third Coast Bancshares

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Third Coast Bancshares by 0.7% in the first quarter. Vanguard Group Inc. now owns 635,569 shares of the company's stock worth $12,724,000 after acquiring an additional 4,680 shares in the last quarter. Geode Capital Management LLC grew its position in Third Coast Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 274,962 shares of the company's stock worth $7,363,000 after buying an additional 3,373 shares during the period. Wasatch Advisors LP purchased a new position in Third Coast Bancshares in the third quarter valued at about $6,811,000. State Street Corp lifted its position in shares of Third Coast Bancshares by 6.8% during the 3rd quarter. State Street Corp now owns 218,514 shares of the company's stock valued at $5,850,000 after acquiring an additional 13,948 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Third Coast Bancshares by 18.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 190,819 shares of the company's stock worth $4,058,000 after acquiring an additional 29,516 shares in the last quarter. Institutional investors and hedge funds own 36.88% of the company's stock.

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.

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