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

Third Coast Bancshares (NASDAQ:TCBX) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.68 per share and revenue of $43,790.00 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Third Coast Bancshares (NASDAQ:TCBX) last announced its earnings results on Wednesday, October 23rd. The company reported $0.74 earnings per share (EPS) 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 company had revenue of $85.24 million for the quarter, compared to analyst estimates of $41.09 million. During the same period in the prior 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 1.5 %

Shares of TCBX opened at $33.61 on Wednesday. The business’s 50 day moving average is $34.46 and its two-hundred day moving average is $28.98. Third Coast Bancshares has a 52-week low of $18.00 and a 52-week high of $37.65. The firm has a market cap of $459.78 million, a price-to-earnings ratio of 13.18 and a beta of 0.31.

Insider Buying and Selling at Third Coast Bancshares

In other news, insider William Bobbora purchased 1,450 shares of the stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $35.33 per share, for a total transaction of $51,228.50. Following the acquisition, the insider now owns 6,050 shares of the company’s stock, valued at $213,746.50. The trade was a 31.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 10.20% of the stock is currently owned by corporate 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.