Third Coast Bancshares (NASDAQ:TCBX) Issues Quarterly Earnings Results

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

Third Coast Bancshares Stock Performance

Third Coast Bancshares stock opened at $33.36 on Thursday. The stock has a market cap of $456.36 million, a PE ratio of 13.08 and a beta of 0.31. Third Coast Bancshares has a fifty-two week low of $18.00 and a fifty-two week high of $37.65. The firm’s 50-day simple moving average is $34.43 and its 200 day simple moving average is $29.01.

Insider Buying and Selling at Third Coast Bancshares

In other Third Coast Bancshares news, insider William Bobbora bought 1,450 shares of Third Coast Bancshares stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $35.33 per share, for a total transaction of $51,228.50. Following the completion of the transaction, the insider now directly owns 6,050 shares in the company, valued at $213,746.50. This represents a 31.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.20% of the company’s stock.

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.