12,000 Shares in Third Coast Bancshares, Inc. (NASDAQ:TCBX) Acquired by Jump Financial LLC

Jump Financial LLC bought a new stake in Third Coast Bancshares, Inc. (NASDAQ:TCBX - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,000 shares of the company's stock, valued at approximately $407,000. Jump Financial LLC owned 0.09% of Third Coast Bancshares at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in Third Coast Bancshares by 17.7% in the fourth quarter. SG Americas Securities LLC now owns 5,043 shares of the company's stock valued at $171,000 after buying an additional 760 shares during the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Third Coast Bancshares during the 4th quarter worth about $27,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Third Coast Bancshares by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 34,098 shares of the company's stock valued at $1,158,000 after acquiring an additional 942 shares during the last quarter. R Squared Ltd purchased a new stake in Third Coast Bancshares during the fourth quarter worth approximately $40,000. Finally, Empowered Funds LLC boosted its holdings in Third Coast Bancshares by 5.0% in the fourth quarter. Empowered Funds LLC now owns 29,659 shares of the company's stock valued at $1,007,000 after purchasing an additional 1,406 shares in the last quarter. 36.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider William Bobbora acquired 2,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average cost of $32.35 per share, for a total transaction of $64,700.00. Following the transaction, the insider now directly owns 41,639 shares in the company, valued at approximately $1,347,021.65. This represents a 5.05 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have purchased 4,470 shares of company stock valued at $135,204. Company insiders own 10.20% of the company's stock.

Third Coast Bancshares Trading Up 2.2 %

TCBX stock traded up $0.67 on Thursday, hitting $30.47. The company's stock had a trading volume of 22,324 shares, compared to its average volume of 61,054. The stock has a market cap of $421.18 million, a price-to-earnings ratio of 11.00 and a beta of 0.40. The firm has a 50 day moving average of $31.61 and a two-hundred day moving average of $33.37. Third Coast Bancshares, Inc. has a 1 year low of $18.82 and a 1 year high of $39.45.

Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.08. The firm had revenue of $45.90 million for the quarter, compared to analyst estimates of $46.02 million. Third Coast Bancshares had a return on equity of 10.93% and a net margin of 14.06%. As a group, equities analysts forecast that Third Coast Bancshares, Inc. will post 3.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Third Coast Bancshares from $39.00 to $36.00 and set a "market perform" rating on the stock in a report on Friday, April 25th. Raymond James cut shares of Third Coast Bancshares from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Finally, Stephens decreased their price objective on shares of Third Coast Bancshares from $44.00 to $39.00 and set an "overweight" rating for the company in a research note on Friday, April 25th.

About Third Coast Bancshares

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.