Third Coast Bancshares, Inc. (NASDAQ:TCBX – Get Free Report) insider William Bobbora purchased 2,000 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were acquired at an average cost of $32.35 per share, with a total value of $64,700.00. Following the completion of the transaction, the insider now owns 41,639 shares in the company, valued at $1,347,021.65. This trade represents a 5.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Third Coast Bancshares Stock Performance
Shares of Third Coast Bancshares stock opened at $32.38 on Friday. The stock has a market capitalization of $446.49 million, a PE ratio of 11.69 and a beta of 0.33. Third Coast Bancshares, Inc. has a 52-week low of $18.00 and a 52-week high of $39.44. The company has a 50-day simple moving average of $34.96 and a two-hundred day simple moving average of $32.34.
Third Coast Bancshares (NASDAQ:TCBX – Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11. Third Coast Bancshares had a net margin of 14.06% and a return on equity of 10.93%. As a group, equities research analysts forecast that Third Coast Bancshares, Inc. will post 3.1 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Third Coast Bancshares
Institutional Trading of Third Coast Bancshares
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Third Coast Bancshares by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 643,219 shares of the company’s stock worth $21,837,000 after acquiring an additional 9,395 shares during the period. Alliancebernstein L.P. grew its stake in shares of Third Coast Bancshares by 22.8% in the fourth quarter. Alliancebernstein L.P. now owns 408,561 shares of the company’s stock worth $13,871,000 after acquiring an additional 75,964 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in shares of Third Coast Bancshares by 13.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 335,288 shares of the company’s stock worth $11,383,000 after acquiring an additional 40,114 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Third Coast Bancshares by 26.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 294,411 shares of the company’s stock worth $9,996,000 after acquiring an additional 62,019 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Third Coast Bancshares by 1.2% in the third quarter. Geode Capital Management LLC now owns 274,962 shares of the company’s stock worth $7,363,000 after acquiring an additional 3,373 shares during the period. 36.88% of the stock is currently owned by institutional investors.
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.
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