Third Coast Bancshares (TCBX) Expected to Announce Earnings on Wednesday

Third Coast Bancshares (NASDAQ:TCBX) is expected 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 posted its earnings results 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 net margin of 14.06% and a return on equity of 10.93%. 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 %

NASDAQ:TCBX opened at $28.78 on Tuesday. Third Coast Bancshares has a 12 month low of $18.82 and a 12 month high of $39.45. The firm’s 50 day moving average is $32.71 and its 200 day moving average is $33.30. The stock has a market capitalization of $396.85 million, a PE ratio of 10.39 and a beta of 0.40.

Insider Buying and Selling at Third Coast Bancshares

In other Third Coast Bancshares news, insider William Bobbora bought 2,000 shares of Third Coast Bancshares stock in a transaction on Friday, March 14th. The stock was acquired at an average cost of $32.35 per share, with a total value of $64,700.00. Following the completion of the acquisition, the insider now owns 41,639 shares in the company, valued at approximately $1,347,021.65. This represents a 5.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 10.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Raymond James cut Third Coast Bancshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Stephens reissued an “overweight” rating and issued a $42.00 price target on shares of Third Coast Bancshares in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods cut shares of Third Coast Bancshares from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $40.00 to $42.00 in a report on Wednesday, January 29th.

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.