Third Coast Bancshares (TCBX) to Release Quarterly Earnings on Thursday

Third Coast Bancshares (NASDAQ:TCBX) will likely be posting its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Third Coast Bancshares to post earnings of $0.68 per share and revenue of $43,790.00 billion for the quarter.

Third Coast Bancshares (NASDAQ:TCBX) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. The business had revenue of $85.24 million for the quarter, compared to analyst estimates of $41.09 million. Third Coast Bancshares had a return on equity of 10.14% and a net margin of 13.23%. During the same quarter in the previous year, the company posted $0.32 EPS. 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 Up 2.4 %

Shares of TCBX stock opened at $32.90 on Thursday. The firm has a market capitalization of $450.04 million, a P/E ratio of 12.90 and a beta of 0.31. Third Coast Bancshares has a twelve month low of $18.00 and a twelve month high of $37.65. The stock’s fifty day simple moving average is $34.60 and its 200 day simple moving average is $28.59.

Insider Buying and Selling

In related news, insider William Bobbora bought 1,450 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were purchased at an average cost of $35.33 per share, with a total value of $51,228.50. Following the acquisition, the insider now owns 6,050 shares of the company’s stock, valued at $213,746.50. This represents a 31.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.20% of the stock is currently owned by corporate insiders.

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.