Jane Street Group LLC Sells 3,813 Shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX)

Jane Street Group LLC trimmed its position in shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX) by 29.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,042 shares of the company’s stock after selling 3,813 shares during the quarter. Jane Street Group LLC owned 0.07% of Third Coast Bancshares worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in shares of Third Coast Bancshares by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,984 shares of the company’s stock worth $850,000 after purchasing an additional 1,038 shares in the last quarter. Federated Hermes Inc. increased its stake in Third Coast Bancshares by 196.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,649 shares of the company’s stock worth $35,000 after buying an additional 1,093 shares in the last quarter. Martingale Asset Management L P increased its stake in Third Coast Bancshares by 3.3% in the 3rd quarter. Martingale Asset Management L P now owns 34,092 shares of the company’s stock worth $913,000 after buying an additional 1,101 shares in the last quarter. Empowered Funds LLC increased its stake in Third Coast Bancshares by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 28,253 shares of the company’s stock worth $756,000 after buying an additional 1,340 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Third Coast Bancshares by 1.8% during the third quarter. Blue Trust Inc. now owns 147,082 shares of the company’s stock valued at $3,937,000 after purchasing an additional 2,632 shares in the last quarter. 36.88% of the stock is currently owned by hedge funds and other institutional investors.

Third Coast Bancshares Stock Down 4.2 %

Shares of Third Coast Bancshares stock opened at $30.91 on Friday. The firm has a market cap of $422.82 million, a price-to-earnings ratio of 12.12 and a beta of 0.31. The business has a 50-day moving average price of $34.66 and a 200-day moving average price of $28.34. Third Coast Bancshares, Inc. has a twelve month low of $18.00 and a twelve month high of $37.65.

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, beating analysts’ consensus estimates of $0.53 by $0.21. Third Coast Bancshares had a return on equity of 10.14% and a net margin of 13.23%. The firm had revenue of $85.24 million during the quarter, compared to analyst estimates of $41.09 million. During the same quarter last year, the business posted $0.32 earnings per share. On average, equities analysts expect that Third Coast Bancshares, Inc. will post 2.68 EPS for the current fiscal year.

Insider Activity at Third Coast Bancshares

In other news, insider William Bobbora acquired 1,450 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was acquired at an average price of $35.33 per share, with a total value of $51,228.50. Following the completion of the purchase, the insider now directly owns 6,050 shares in the company, valued at approximately $213,746.50. This trade represents a 31.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 10.20% of the stock is owned by insiders.

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.