Third Coast Bancshares (TCBX) Projected to Post Quarterly Earnings on Thursday

Third Coast Bancshares (NASDAQ:TCBX) is expected to be releasing its earnings data 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Third Coast Bancshares (NASDAQ:TCBX) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $85.24 million during the quarter, compared to analysts’ expectations of $41.09 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. 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

NASDAQ:TCBX opened at $33.61 on Wednesday. Third Coast Bancshares has a 1 year low of $18.00 and a 1 year high of $37.65. The stock has a market cap of $459.78 million, a price-to-earnings ratio of 13.18 and a beta of 0.31. The business has a fifty day moving average of $34.46 and a 200-day moving average of $28.98.

Insider Transactions at Third Coast Bancshares

In other news, insider William Bobbora acquired 1,450 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was acquired at an average price of $35.33 per share, for a total transaction of $51,228.50. Following the completion of the acquisition, the insider now directly owns 6,050 shares in the company, valued at $213,746.50. This represents a 31.52 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 10.20% of the company’s stock.

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.