Third Coast Bancshares (TCBX) Set to Announce Quarterly Earnings on Wednesday

Third Coast Bancshares (NASDAQ:TCBX) is set to announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Third Coast Bancshares (NASDAQ:TCBX) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.55 by $0.08. Third Coast Bancshares had a net margin of 11.54% and a return on equity of 8.72%. The company had revenue of $84.11 million for the quarter, compared to analyst estimates of $41.00 million. During the same quarter in the prior year, the business posted $0.53 EPS. On average, analysts expect Third Coast Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Third Coast Bancshares Stock Up 1.8 %

Shares of TCBX opened at $27.95 on Wednesday. The company’s fifty day moving average is $24.97 and its 200-day moving average is $22.27. Third Coast Bancshares has a 12 month low of $14.09 and a 12 month high of $28.25. The firm has a market cap of $381.60 million, a price-to-earnings ratio of 13.77 and a beta of 0.30.

Analyst Ratings Changes

TCBX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Third Coast Bancshares from $22.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $28.00 target price (up from $26.00) on shares of Third Coast Bancshares in a research note on Monday, July 29th.

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.