NASDAQ:TCBX

Third Coast Bancshares (TCBX) Stock Forecast, Price & News

$17.31

-0.22 (-1.25%)

(As of 09/28/2023 ET)

Compare

Today's Range: $17.08
▼
$17.93
50-Day Range: $17.53
▼
$21.45
52-Week Range: $12.31
▼
$21.50

Volume: 23,339 shs
Average Volume: 31,508 shs
Market Capitalization: $235.59 million

P/E Ratio: 8.61
Dividend Yield: N/A
Price Target: $23.00

Third Coast Bancshares MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 32.9% Upside
$23.00 Price Target
Short Interest: Bearish
0.88% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.89
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$20,020 Bought Last Quarter
Proj. Earnings Growth: -2.43%
From $2.06 to $2.01 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Finance Sector

377th out of 874 stocks

Savings Institutions, Except Federal Industry

6th out of 20 stocks

3.5

Analyst's Opinion

Consensus Rating
Third Coast Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.00, Third Coast Bancshares has a forecasted upside of 32.9% from its current price of $17.31.
Amount of Analyst Coverage
Third Coast Bancshares has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.88% of the float of Third Coast Bancshares has been sold short.
Short Interest Ratio / Days to Cover
Third Coast Bancshares has a short interest ratio ("days to cover") of 4.1.
Change versus previous month
Short interest in Third Coast Bancshares has recently increased by 2.11%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Third Coast Bancshares does not currently pay a dividend.
Dividend Growth
Third Coast Bancshares does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCBX.

3.8

News and Social Media Coverage

News Sentiment
Third Coast Bancshares has a news sentiment score of 1.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Third Coast Bancshares this week, compared to 1 article on an average week.
MarketBeat Follows
2 people have added Third Coast Bancshares to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Third Coast Bancshares insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,020.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 9.40% of the stock of Third Coast Bancshares is held by insiders.
Percentage Held by Institutions
44.17% of the stock of Third Coast Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Third Coast Bancshares are expected to decrease by -2.43% in the coming year, from $2.06 to $2.01 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Third Coast Bancshares is 8.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Third Coast Bancshares is 8.61, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 80.74.
Price to Book Value per Share Ratio
Third Coast Bancshares has a P/B Ratio of 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Third Coast Bancshares (NASDAQ:TCBX) Stock

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. It also offers commercial and industrial loans, equipment loans, working capital lines of credit, guaranteed loans, auto finance, letters of credit, and commercial and residential real estate loans. In addition, the company provides retail and commercial online banking platforms, mobile banking apps, treasury management solutions, merchant card services, and customer digital solutions, as well as debit and credit cards. The company was founded in 2008 and is headquartered in Humble, Texas.

TCBX Price History

30 days | 90 days | 365 days | Advanced Chart

TCBX Stock News Headlines

August 29, 2023 | finance.yahoo.com

While institutions own 39% of Third Coast Bancshares, Inc. (NASDAQ:TCBX), individual investors are its largest shareholders with 54% ownership

August 3, 2023 | msn.com

Third Coast Bancshares (TCBX) Price Target Increased by 13.71% to 23.97

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

July 30, 2023 | finance.yahoo.com

Third Coast Bancshares, Inc. (NASDAQ:TCBX) Q2 2023 Earnings Call Transcript

July 29, 2023 | msn.com

Stephens & Co. Maintains Third Coast Bancshares (TCBX) Overweight Recommendation

July 29, 2023 | finance.yahoo.com

Should You Be Adding Third Coast Bancshares (NASDAQ:TCBX) To Your Watchlist Today?

July 28, 2023 | msn.com

Raymond James Upgrades Third Coast Bancshares (TCBX)

July 28, 2023 | finance.yahoo.com

Third Coast Bancshares Appoints David Phelps to Board of Directors

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

July 27, 2023 | theglobeandmail.com

THIRD COAST BANCSHARES, INC. REPORTS SECOND QUARTER 2023 FINANCIAL RESULTS

July 5, 2023 | finance.yahoo.com

Third Coast Bancshares, Inc. Announces 2023 Second Quarter Earnings Release and Conference Call Schedule

June 8, 2023 | finance.yahoo.com

Third Coast Bancshares (NASDAQ:TCBX) shareholders have endured a 32% loss from investing in the stock a year ago

June 1, 2023 | finance.yahoo.com

Third Coast Bank Hosts Grand Opening for New Plano Branch

May 23, 2023 | markets.businessinsider.com

Piper Sandler Keeps Their Buy Rating on Third Coast Bancshares (TCBX)

May 10, 2023 | finance.yahoo.com

Positive Signs As Multiple Insiders Buy Third Coast Bancshares Stock

May 10, 2023 | finance.yahoo.com

Chief Financial Officer of Third Coast Bancshares Picks Up 2.4% More Stock \

May 10, 2023 | finance.yahoo.com

Positive Signs As Multiple Insiders Buy Third Coast Bancshares Stock \

April 28, 2023 | msn.com

Stephens & Co. Reiterates Third Coast Bancshares (TCBX) Overweight Recommendation

April 28, 2023 | finance.yahoo.com

Q1 2023 Third Coast Bancshares Inc Earnings Call

April 28, 2023 | finance.yahoo.com

Third Coast Bancshares, Inc. Celebrates Arbor Day with 2nd Annual Tree Planting Campaign

April 27, 2023 | finanznachrichten.de

Third Coast Bancshares, Inc. Reports 2023 First Quarter Financial Results

April 26, 2023 | finance.yahoo.com

Third Coast Bancshares, Inc. (TCBX) Q1 Earnings and Revenues Beat Estimates

April 25, 2023 | msn.com

Preview: Third Coast Bancshares's Earnings

April 20, 2023 | finance.yahoo.com

Earnings Preview: First Guaranty Bancshares (FGBI) Q1 Earnings Expected to Decline

April 19, 2023 | finance.yahoo.com

Third Coast Bancshares, Inc. (TCBX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

April 12, 2023 | finance.yahoo.com

Third Coast Bancshares, Inc. Announces 2023 First Quarter Earnings Release and Conference Call Schedule

March 17, 2023 | finance.yahoo.com

Regions Financial (RF) Moves 5.4% Higher: Will This Strength Last?

See More Headlines

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TCBX Company Calendar

Last Earnings: 7/26/2023
Today: 9/28/2023
Next Earnings (Estimated): 10/25/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Savings institutions, except federal
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:TCBX
CUSIP: N/A
CIK: 1781730
Web: www.tcbssb.com
Phone: 281-446-7000
Fax: N/A
Employees: 377
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $23.00
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +32.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.01
Trailing P/E Ratio: 8.61
Forward P/E Ratio: 8.40
P/E Growth: N/A
Net Income: $18.66 million
Net Margins: 14.55%
Pretax Margin: 18.05%
Return on Equity: 8.42%
Return on Assets: 0.86%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.02
Quick Ratio: 1.02

Sales & Book Value

Annual Sales: $161.17 million
Price / Sales: 1.46
Cash Flow: $1.31 per share
Price / Cash Flow: 13.18
Book Value: $28.21 per share
Price / Book: 0.61

Miscellaneous

Outstanding Shares: 13,610,000
Free Float: 12,328,000
Market Cap: $235.59 million
Optionable: Not Optionable
Beta: 0.43

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Key Executives

Mr. Bart O. Caraway CPA (Age 52)
Chairman, Pres & CEO
Comp: $1.28M

Mr. R. John McWhorter (Age 58)
Chief Financial Officer
Comp: $685.34k

Ms. Audrey A. Duncan (Age 58)
Sr. EVP & Chief Credit Officer
Comp: $602.56k

Mr. Michael Deckert (Age 46)
Exec. VP & COO

Ms. Vicki Alexander (Age 57)
Exec. VP & Chief Risk and Compliance Officer

Mr. William Bobbora (Age 55)
Exec. VP & Chief Banking Officer

Mr. Andrew Novarini
Exec. VP & Pres of Community Banking

Mr. Christopher S. Peacock (Age 58)
Exec. VP & Chief Retail Officer

Ms. Sarah Natho
Treasurer

Jo Ann Dean
Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TCBX Stock - Frequently Asked Questions

Should I buy or sell Third Coast Bancshares stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Third Coast Bancshares in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TCBX shares.
View TCBX analyst ratings or view top-rated stocks.
What is Third Coast Bancshares' stock price forecast for 2023?: 3 Wall Street analysts have issued 12-month price objectives for Third Coast Bancshares' shares. Their TCBX share price forecasts range from $22.00 to $24.00. On average, they anticipate the company's share price to reach $23.00 in the next twelve months. This suggests a possible upside of 32.9% from the stock's current price.
View analysts price targets for TCBX or view top-rated stocks among Wall Street analysts.
How have TCBX shares performed in 2023?: Third Coast Bancshares' stock was trading at $18.43 at the beginning of the year. Since then, TCBX shares have decreased by 6.1% and is now trading at $17.31.
View the best growth stocks for 2023 here.
When is Third Coast Bancshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our TCBX earnings forecast.
How were Third Coast Bancshares' earnings last quarter?: Third Coast Bancshares, Inc. (NASDAQ:TCBX) issued its quarterly earnings results on Wednesday, July, 26th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.03. The business earned $36.38 million during the quarter, compared to analysts' expectations of $35.85 million. Third Coast Bancshares had a trailing twelve-month return on equity of 8.42% and a net margin of 14.55%.
How often does Third Coast Bancshares pay dividends? What is the dividend yield for Third Coast Bancshares?: Third Coast Bancshares announced an annual dividend on Thursday, March 16th. Investors of record on Friday, March 31st will be paid a dividend of $16.875 per share on Monday, April 17th. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for TCBX.

When did Third Coast Bancshares IPO?: (TCBX) raised $88 million in an initial public offering on Tuesday, November 9th 2021. The company issued 3,500,000 shares at a price of $24.00-$26.00 per share.
What is Third Coast Bancshares' stock symbol?: Third Coast Bancshares trades on the NASDAQ under the ticker symbol "TCBX."
Who are Third Coast Bancshares' major shareholders?: Third Coast Bancshares' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.27%), Alliancebernstein L.P. (2.17%), Geode Capital Management LLC (1.82%), State Street Corp (1.40%), Kennedy Capital Management LLC (1.40%) and BHZ Capital Management LP (0.69%). Insiders that own company stock include Audrey Duncan, Dennis Bonnen, Martin Basaldua, Michael Deckert, Richard J Mcwhorter, Vicki Alexander and William Bobbora.
View institutional ownership trends.
How do I buy shares of Third Coast Bancshares?: Shares of TCBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Third Coast Bancshares' stock price today?: One share of TCBX stock can currently be purchased for approximately $17.31.
How much money does Third Coast Bancshares make?: Third Coast Bancshares (NASDAQ:TCBX) has a market capitalization of $235.59 million and generates $161.17 million in revenue each year. The company earns $18.66 million in net income (profit) each year or $2.01 on an earnings per share basis.
How many employees does Third Coast Bancshares have?: The company employs 377 workers across the globe.
How can I contact Third Coast Bancshares?: The official website for the company is www.tcbssb.com. The company can be reached via phone at 281-446-7000 or via email at gkimbrell@tcbssb.com.

This page (NASDAQ:TCBX) was last updated on 9/28/2023 by MarketBeat.com Staff

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Third Coast Bancshares (TCBX) Stock Forecast, Price & News

Third Coast Bancshares MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Third Coast Bancshares (NASDAQ:TCBX) Stock

TCBX Price History

TCBX Stock News Headlines

TCBX Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TCBX Stock - Frequently Asked Questions

Overall MarketRank^™