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

Third Coast Bancshares (NASDAQ:TCBX) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.70 per share and revenue of $46.02 million for the quarter.

Third Coast Bancshares (NASDAQ:TCBX) last released its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11. Third Coast Bancshares had a return on equity of 10.93% and a net margin of 14.06%. 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 Trading Down 1.3 %

TCBX opened at $28.78 on Tuesday. The business’s fifty day simple moving average is $32.71 and its 200-day simple moving average is $33.30. The company has a market capitalization of $396.85 million, a price-to-earnings ratio of 10.39 and a beta of 0.40. Third Coast Bancshares has a 12-month low of $18.82 and a 12-month high of $39.45.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TCBX shares. Stephens reaffirmed an “overweight” rating and issued a $42.00 price objective on shares of Third Coast Bancshares in a research report on Thursday, January 23rd. Raymond James downgraded Third Coast Bancshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods downgraded shares of Third Coast Bancshares from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $40.00 to $42.00 in a report on Wednesday, January 29th.

Insider Transactions at Third Coast Bancshares

In other Third Coast Bancshares news, insider William Bobbora acquired 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were purchased at an average cost of $32.35 per share, for a total transaction of $64,700.00. Following the completion of the acquisition, the insider now owns 41,639 shares of the company’s stock, valued at approximately $1,347,021.65. The trade was a 5.05 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.