Third Coast Bancshares (TCBX) Projected to Post Earnings on Wednesday

Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) will likely be posting its Q2 2025 quarterly earnings results 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 issued its quarterly earnings results on Wednesday, April 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.08. The company had revenue of $45.90 million during the quarter, compared to analyst estimates of $46.02 million. Third Coast Bancshares had a net margin of 14.90% and a return on equity of 11.15%. 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 Stock Performance

Shares of Third Coast Bancshares stock traded up $0.24 during trading on Thursday, hitting $36.36. The company's stock had a trading volume of 8,208 shares, compared to its average volume of 66,937. The company has a fifty day simple moving average of $32.17 and a two-hundred day simple moving average of $32.73. The company has a market capitalization of $502.97 million, a PE ratio of 12.37 and a beta of 0.39. Third Coast Bancshares has a 52 week low of $20.66 and a 52 week high of $39.45.

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

Insiders Place Their Bets

In other news, insider William Bobbora acquired 2,400 shares of the business's stock in a transaction on Monday, April 28th. The shares were acquired 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 of the company's stock, valued at approximately $263,717.50. The trade was a 35.04% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.28% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Focus Partners Wealth grew its holdings in shares of Third Coast Bancshares by 32,994.4% in the first quarter. Focus Partners Wealth now owns 41,699 shares of the company's stock worth $1,391,000 after purchasing an additional 41,573 shares during the last quarter. Empowered Funds LLC lifted its stake in Third Coast Bancshares by 43.6% in the first 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 period. Millennium Management LLC lifted its stake in Third Coast Bancshares by 88.2% in the first 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 period. Finally, AQR Capital Management LLC lifted its stake in Third Coast Bancshares by 21.7% in the first quarter. AQR Capital Management LLC now owns 38,431 shares of the company's stock worth $1,282,000 after acquiring an additional 6,857 shares during the period. 36.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TCBX has been the subject of a number of analyst reports. Stephens reduced 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. Keefe, Bruyette & Woods reduced their price target on shares of Third Coast Bancshares from $39.00 to $36.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Finally, Raymond James Financial lowered shares of Third Coast Bancshares from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd.

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.