Third Coast Bancshares (TCBX) Set to Announce Quarterly Earnings on Wednesday

Posted by Matthew Steigler on Jul 23rd, 2024

Third Coast Bancshares (NASDAQ:TCBX – Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect Third Coast Bancshares to post earnings of $0.55 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Third Coast Bancshares (NASDAQ:TCBX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.13. The firm had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $39.12 million. Third Coast Bancshares had a return on equity of 8.46% and a net margin of 11.64%. On average, analysts expect Third Coast Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Third Coast Bancshares Stock Performance

Shares of NASDAQ TCBX opened at $23.89 on Tuesday. The business has a fifty day moving average of $20.98 and a two-hundred day moving average of $20.00. Third Coast Bancshares has a 52-week low of $14.09 and a 52-week high of $24.40. The stock has a market cap of $326.10 million, a PE ratio of 11.77 and a beta of 0.30.

Insider Buying and Selling at Third Coast Bancshares

In other news, insider William Bobbora acquired 2,484 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $21.44 per share, with a total value of $53,256.96. Following the completion of the acquisition, the insider now owns 35,639 shares in the company, valued at approximately $764,100.16. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 10.20% of the company’s stock.

About Third Coast Bancshares

(Get Free Report)

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.