Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) is expected to post 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 interested in registering for the company's earnings conference call can do so using this link.
Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.11. Third Coast Bancshares had a net margin of 14.06% and a return on equity of 10.93%. 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 %
Shares of TCBX traded up $0.38 during midday trading on Friday, hitting $29.15. 58,166 shares of the company's stock traded hands, compared to its average volume of 59,436. The firm's fifty day moving average is $32.88 and its 200-day moving average is $33.28. Third Coast Bancshares has a 1 year low of $18.82 and a 1 year high of $39.45. The stock has a market capitalization of $401.95 million, a price-to-earnings ratio of 10.52 and a beta of 0.40.
Insider Activity at Third Coast Bancshares
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 bought at an average cost of $32.35 per share, for a total transaction of $64,700.00. Following the acquisition, the insider now owns 41,639 shares in the company, valued at approximately $1,347,021.65. This represents a 5.05 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.20% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on TCBX shares. Stephens reaffirmed an "overweight" rating and issued a $42.00 price target on shares of Third Coast Bancshares in a report on Thursday, January 23rd. Raymond James lowered shares of Third Coast Bancshares from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods downgraded shares of Third Coast Bancshares from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $40.00 to $42.00 in a research report on Wednesday, January 29th.
View Our Latest Stock Report on Third Coast Bancshares
About Third Coast Bancshares
(
Get Free Report)
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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