Third Coast Bancshares (TCBX) to Release Earnings on Wednesday

Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) is expected to be releasing its Q2 2025 earnings data after the market closes on Wednesday, July 23rd. Analysts expect Third Coast Bancshares to post earnings of $0.75 per share and revenue of $47.52 million for the quarter.

Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.08. Third Coast Bancshares had a return on equity of 11.15% and a net margin of 14.90%. The company had revenue of $45.90 million for the quarter, compared to analyst estimates of $46.02 million. 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 Price Performance

Third Coast Bancshares stock traded down $0.65 during mid-day trading on Friday, reaching $35.94. 55,220 shares of the company were exchanged, compared to its average volume of 67,188. The company has a fifty day simple moving average of $32.38 and a 200-day simple moving average of $32.76. Third Coast Bancshares has a 12 month low of $20.66 and a 12 month high of $39.45. The firm has a market cap of $497.05 million, a PE ratio of 12.22 and a beta of 0.39.

Third Coast Bancshares announced that its Board of Directors has authorized a share buyback plan on Tuesday, June 17th that allows the company to repurchase $30.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Insider Activity

In related news, insider William Bobbora bought 2,400 shares of the company's stock in a transaction on Monday, April 28th. The shares were purchased at an average price of $28.51 per share, for a total transaction of $68,424.00. Following the completion of the transaction, the insider directly owned 9,250 shares in the company, valued at approximately $263,717.50. The trade was a 35.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 10.28% of the stock is currently owned by corporate insiders.

Institutional Trading of Third Coast Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Focus Partners Wealth raised its holdings in Third Coast Bancshares by 32,994.4% in the 1st quarter. Focus Partners Wealth now owns 41,699 shares of the company's stock worth $1,391,000 after acquiring an additional 41,573 shares during the last quarter. Empowered Funds LLC raised its holdings in Third Coast Bancshares by 43.6% in the 1st quarter. Empowered Funds LLC now owns 42,604 shares of the company's stock worth $1,422,000 after acquiring an additional 12,945 shares during the last quarter. Millennium Management LLC raised its holdings in Third Coast Bancshares by 88.2% in the 1st quarter. Millennium Management LLC now owns 177,521 shares of the company's stock worth $5,924,000 after acquiring an additional 83,209 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Third Coast Bancshares by 21.7% in the 1st quarter. AQR Capital Management LLC now owns 38,431 shares of the company's stock worth $1,282,000 after purchasing an additional 6,857 shares during the period. 36.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Raymond James Financial downgraded Third Coast Bancshares from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on 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. Finally, Stephens cut their price objective on Third Coast Bancshares from $44.00 to $39.00 and set an "overweight" rating on the stock in a report 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.