Third Coast Bancshares, Inc. (NASDAQ:TCBX - Get Free Report) insider William Bobbora acquired 1,450 shares of Third Coast Bancshares stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $35.33 per share, with a total value of $51,228.50. Following the purchase, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Third Coast Bancshares Stock Performance
Shares of NASDAQ TCBX opened at $35.10 on Friday. Third Coast Bancshares, Inc. has a twelve month low of $18.00 and a twelve month high of $37.15. The stock has a 50 day moving average of $31.63 and a two-hundred day moving average of $25.85. The stock has a market cap of $480.17 million, a P/E ratio of 13.76 and a beta of 0.27.
Third Coast Bancshares (NASDAQ:TCBX - Get Free Report) last released 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. 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 earnings per share. As a group, research analysts predict that Third Coast Bancshares, Inc. will post 2.68 earnings per share for the current year.
Institutional Inflows and Outflows
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Institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. grew its holdings in Third Coast Bancshares by 196.6% during the second quarter. Federated Hermes Inc. now owns 1,649 shares of the company's stock worth $35,000 after acquiring an additional 1,093 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Third Coast Bancshares by 150.8% in the third quarter. Public Employees Retirement System of Ohio now owns 4,081 shares of the company's stock valued at $109,000 after purchasing an additional 2,454 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Third Coast Bancshares in the third quarter valued at $115,000. AQR Capital Management LLC acquired a new stake in Third Coast Bancshares in the second quarter valued at $255,000. Finally, Seizert Capital Partners LLC acquired a new stake in Third Coast Bancshares in the third quarter valued at $321,000. Institutional investors and hedge funds own 36.88% of the company's stock.
About Third Coast Bancshares
(
Get Free Report)
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.
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