Seizert Capital Partners LLC Invests $321,000 in Third Coast Bancshares, Inc. (NASDAQ:TCBX)

Seizert Capital Partners LLC purchased a new position in shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX) in the third quarter, HoldingsChannel reports. The institutional investor purchased 11,988 shares of the company’s stock, valued at approximately $321,000.

Other large investors also recently modified their holdings of the company. Kennedy Capital Management LLC lifted its holdings in shares of Third Coast Bancshares by 51.5% during the first quarter. Kennedy Capital Management LLC now owns 329,063 shares of the company’s stock worth $6,588,000 after buying an additional 111,915 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Third Coast Bancshares by 0.7% during the first quarter. Vanguard Group Inc. now owns 635,569 shares of the company’s stock worth $12,724,000 after purchasing an additional 4,680 shares during the last quarter. BlackBarn Capital Partners LP grew its holdings in shares of Third Coast Bancshares by 14.7% during the second quarter. BlackBarn Capital Partners LP now owns 150,000 shares of the company’s stock worth $3,190,000 after purchasing an additional 19,219 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Third Coast Bancshares during the third quarter worth $823,000. Finally, Acadian Asset Management LLC grew its holdings in shares of Third Coast Bancshares by 1,244.2% during the second quarter. Acadian Asset Management LLC now owns 36,790 shares of the company’s stock worth $782,000 after purchasing an additional 34,053 shares during the last quarter. 36.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price target on Third Coast Bancshares from $22.00 to $26.00 and gave the company a “hold” rating in a report on Monday, July 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $28.00 price target (up previously from $26.00) on shares of Third Coast Bancshares in a report on Monday, July 29th.

Third Coast Bancshares Price Performance

NASDAQ TCBX opened at $34.58 on Monday. The firm has a market cap of $473.05 million, a P/E ratio of 13.56 and a beta of 0.27. The stock’s 50-day moving average is $28.89 and its 200-day moving average is $24.41. Third Coast Bancshares, Inc. has a one year low of $16.52 and a one year high of $36.20.

Third Coast Bancshares (NASDAQ:TCBX) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. The company 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 last year, the firm posted $0.32 earnings per share. Equities analysts anticipate that Third Coast Bancshares, Inc. will post 2.68 EPS for the current year.

Third Coast Bancshares 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.