Third Coast Bancshares (NASDAQ:TCBX) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Third Coast Bancshares (NASDAQ:TCBX) posted its quarterly earnings data on Wednesday. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11, Zacks reports. Third Coast Bancshares had a net margin of 13.23% and a return on equity of 10.14%.

Third Coast Bancshares Stock Performance

NASDAQ TCBX traded down $0.25 during trading on Wednesday, reaching $33.36. The company’s stock had a trading volume of 47,951 shares, compared to its average volume of 60,590. The firm has a market cap of $456.36 million, a price-to-earnings ratio of 13.08 and a beta of 0.31. The business’s fifty day moving average price is $34.46 and its 200-day moving average price is $28.98. Third Coast Bancshares has a twelve month low of $18.00 and a twelve month high of $37.65.

Insider Activity

In other news, insider William Bobbora bought 1,450 shares of the stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $35.33 per share, with a total value of $51,228.50. Following the completion of the acquisition, the insider now directly owns 6,050 shares in the company, valued at approximately $213,746.50. The trade was a 31.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.20% of the company’s stock.

About Third Coast Bancshares

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.