Third Coast Bancshares, Inc. (NASDAQ:TCBX) Shares Acquired by Doliver Advisors LP

Doliver Advisors LP boosted its position in shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX) by 44.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,250 shares of the company’s stock after purchasing an additional 6,250 shares during the period. Doliver Advisors LP owned approximately 0.15% of Third Coast Bancshares worth $687,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TCBX. JPMorgan Chase & Co. boosted its stake in shares of Third Coast Bancshares by 131.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,350 shares of the company’s stock valued at $625,000 after buying an additional 13,270 shares during the last quarter. Barclays PLC boosted its stake in Third Coast Bancshares by 254.6% during the 3rd quarter. Barclays PLC now owns 15,929 shares of the company’s stock valued at $426,000 after acquiring an additional 11,437 shares during the last quarter. Geode Capital Management LLC grew its holdings in Third Coast Bancshares by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 274,962 shares of the company’s stock worth $7,363,000 after acquiring an additional 3,373 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Third Coast Bancshares by 150.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,081 shares of the company’s stock worth $109,000 after purchasing an additional 2,454 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new stake in shares of Third Coast Bancshares in the 3rd quarter valued at about $1,443,000. Institutional investors and hedge funds own 36.88% of the company’s stock.

Third Coast Bancshares Stock Performance

Shares of TCBX stock traded up $0.17 during trading hours on Monday, hitting $33.24. 46,839 shares of the company were exchanged, compared to its average volume of 61,039. The stock has a market capitalization of $454.69 million, a price-to-earnings ratio of 13.04 and a beta of 0.27. Third Coast Bancshares, Inc. has a one year low of $18.00 and a one year high of $37.65. The business’s 50-day simple moving average is $34.73 and its two-hundred day simple moving average is $27.96.

Third Coast Bancshares (NASDAQ:TCBX) last issued its earnings results on Wednesday, October 23rd. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.53 by $0.21. The company had revenue of $85.24 million during 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 earned $0.32 EPS. As a group, analysts anticipate that Third Coast Bancshares, Inc. will post 2.68 EPS for the current fiscal year.

Insider Buying and Selling at Third Coast Bancshares

In related news, insider William Bobbora bought 1,450 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was bought at an average cost of $35.33 per share, for a total transaction of $51,228.50. Following the completion of the purchase, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.20% of the stock is owned by insiders.

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.