Should I buy or sell Third Coast Bancshares stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Third Coast Bancshares in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TCBX shares. View TCBX analyst ratings or view top-rated stocks .

What is Third Coast Bancshares' stock price target for 2024?

3 equities research analysts have issued 1-year price targets for Third Coast Bancshares' stock. Their TCBX share price targets range from $20.00 to $26.00. On average, they expect the company's stock price to reach $22.67 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price. View analysts price targets for TCBX or view top-rated stocks among Wall Street analysts .

How have TCBX shares performed in 2024?

Third Coast Bancshares' stock was trading at $19.87 at the beginning of 2024. Since then, TCBX shares have decreased by 3.7% and is now trading at $19.14. View the best growth stocks for 2024 here .

Are investors shorting Third Coast Bancshares?

Third Coast Bancshares saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 41,800 shares, a decline of 34.2% from the March 15th total of 63,500 shares. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company's stock are short sold. View Third Coast Bancshares' Short Interest .

When is Third Coast Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our TCBX earnings forecast .

How can I listen to Third Coast Bancshares' earnings call?

Third Coast Bancshares will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13744292#".

How were Third Coast Bancshares' earnings last quarter?

Third Coast Bancshares, Inc. (NASDAQ:TCBX) issued its quarterly earnings data on Thursday, January, 25th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.10. The business had revenue of $39.49 million for the quarter, compared to analysts' expectations of $37.74 million. Third Coast Bancshares had a trailing twelve-month return on equity of 8.38% and a net margin of 12.16%.

When did Third Coast Bancshares IPO?

Third Coast Bancshares (TCBX) raised $88 million in an initial public offering on Tuesday, November 9th 2021. The company issued 3,500,000 shares at a price of $24.00-$26.00 per share.

How do I buy shares of Third Coast Bancshares?

Shares of TCBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:TCBX

Third Coast Bancshares (TCBX) Stock Price, News & Analysis

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$19.14

+0.59 (+3.18%)

(As of 04/19/2024 ET)

Compare

Today's Range: $18.43
▼
$19.14
50-Day Range: $18.23
▼
$20.12
52-Week Range: $12.31
▼
$21.50

Volume: 68,660 shs
Average Volume: 31,019 shs
Market Capitalization: $260.50 million

P/E Ratio: 9.72
Dividend Yield: N/A
Price Target: $22.67

Get Third Coast Bancshares alerts:

Third Coast Bancshares MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 18.4% Upside
$22.67 Price Target
Short Interest: Healthy
0.36% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.88
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 6.80%
From $2.06 to $2.20 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.91 out of 5 stars

Finance Sector

525th out of 845 stocks

Savings Institutions, Except Federal Industry

9th out of 18 stocks

2.5

Analyst's Opinion

Consensus Rating
Third Coast Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Third Coast Bancshares has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.36% of the float of Third Coast Bancshares has been sold short.
Short Interest Ratio / Days to Cover
Third Coast Bancshares has a short interest ratio ("days to cover") of 1.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Third Coast Bancshares has recently decreased by 34.17%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Third Coast Bancshares does not currently pay a dividend.
Dividend Growth
Third Coast Bancshares does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TCBX.

3.3

News and Social Media Coverage

News Sentiment
Third Coast Bancshares has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Third Coast Bancshares this week, compared to 1 article on an average week.
Search Interest
5 people have searched for TCBX on MarketBeat in the last 30 days. This is an increase of 150% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Third Coast Bancshares to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Third Coast Bancshares insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 9.40% of the stock of Third Coast Bancshares is held by insiders.
Percentage Held by Institutions
Only 36.88% of the stock of Third Coast Bancshares is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Third Coast Bancshares are expected to grow by 6.80% in the coming year, from $2.06 to $2.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Third Coast Bancshares is 9.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Third Coast Bancshares is 9.72, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.53.
Price to Book Value per Share Ratio
Third Coast Bancshares has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Third Coast Bancshares Stock (NASDAQ:TCBX)

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. It also offers commercial and industrial loans, equipment loans, working capital lines of credit, guaranteed loans, auto finance, letters of credit, commercial and residential real estate, and construction, development, and other loans. In addition, the company provides retail and commercial online banking platforms, mobile banking apps, mortgage, treasury management solutions, merchant card services, and customer digital solutions, as well as debit and credit cards. Third Coast Bancshares, Inc. was founded in 2008 and is headquartered in Humble, Texas.

TCBX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TCBX Stock News Headlines

April 17, 2024 | finance.yahoo.com

Third Coast Bancshares, Inc. (TCBX) Expected to Beat Earnings Estimates: Should You Buy?

April 17, 2024 | americanbankingnews.com

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

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 4, 2024 | finance.yahoo.com

Third Coast Bancshares, Inc. Announces 2024 First Quarter Earnings Release and Conference Call Schedule

March 31, 2024 | bizjournals.com

Regional bank 'crisis' after March 2023 failures not a crisis after all, local bank execs say

March 25, 2024 | finance.yahoo.com

Third Coast Bancshares Insiders Added US$696.6k Of Stock To Their Holdings

March 15, 2024 | bizjournals.com

Third Coast Bank converts state charter to expand commercial loan portfolio

March 14, 2024 | prnewswire.com

Third Coast Announces Conversion to State-Chartered Bank

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 6, 2024 | bizjournals.com

Third Coast Bancshares promotes two C-level executives to drive growth

March 4, 2024 | prnewswire.com

Third Coast Announces Organizational Changes to Drive Future Growth

February 24, 2024 | msn.com

Third Coast Bancshares (TCBX) Price Target Increased by 8.33% to 23.87

February 23, 2024 | benzinga.com

Third Coast Bancshares Stock (NASDAQ:TCBX), Quotes and News Summary

February 10, 2024 | finance.yahoo.com

Third Coast Bancshares, Inc. (NASDAQ:TCBX) most popular amongst retail investors who own 54% of the shares, institutions hold 39%

January 27, 2024 | finance.yahoo.com

Q4 2023 Third Coast Bancshares Inc Earnings Call

January 27, 2024 | finance.yahoo.com

Third Coast Bancshares, Inc. (NASDAQ:TCBX) Q4 2023 Earnings Call Transcript

January 25, 2024 | finance.yahoo.com

THIRD COAST BANCSHARES, INC. REPORTS RECORD 2023 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

January 25, 2024 | finance.yahoo.com

Third Coast Bancshares Inc (TCBX) Reports Record 2023 Earnings, Net Income Surges 79%

January 25, 2024 | finance.yahoo.com

Third Coast Bancshares, Inc. (TCBX) Q4 Earnings and Revenues Top Estimates

January 24, 2024 | benzinga.com

Third Coast Bancshares's Earnings Outlook

January 20, 2024 | seekingalpha.com

TCBX Third Coast Bancshares, Inc.

January 6, 2024 | markets.businessinsider.com

Third Coast Bancshares Inc Registered Shs hosts conference call for investors

January 5, 2024 | finance.yahoo.com

Do Third Coast Bancshares' (NASDAQ:TCBX) Earnings Warrant Your Attention?

January 4, 2024 | finance.yahoo.com

Third Coast Bancshares, Inc. Announces 2023 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule

December 27, 2023 | benzinga.com

Third Coast Bancshares Stock (NASDAQ:TCBX), Short Interest Report

November 5, 2023 | morningstar.com

Third Coast Bancshares Inc TCBX

October 29, 2023 | finance.yahoo.com

Third Coast Bancshares, Inc. (NASDAQ:TCBX) Q3 2023 Earnings Call Transcript

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Today: 4/19/2024
Next Earnings (Confirmed): 4/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Savings institutions, except federal
Sub-Industry: N/A
Current Symbol: NASDAQ:TCBX
CUSIP: N/A
CIK: 1781730
Web: www.tcbssb.com
Phone: 281-446-7000
Fax: N/A
Employees: 365
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $22.67
High Stock Price Target: $26.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +18.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.97
Trailing P/E Ratio: 9.72
Forward P/E Ratio: 9.29
P/E Growth: N/A
Net Income: $33.40 million
Net Margins: 12.16%
Pretax Margin: 15.15%
Return on Equity: 8.38%
Return on Assets: 0.81%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.03
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $274.75 million
Price / Sales: 0.95
Cash Flow: $2.40 per share
Price / Cash Flow: 7.98
Book Value: $30.28 per share
Price / Book: 0.63

Miscellaneous

Outstanding Shares: 13,610,000
Free Float: 12,328,000
Market Cap: $260.50 million
Optionable: Not Optionable
Beta: 0.65

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Key Executives

Mr. Bart O. Caraway CPA (Age 52)
Chairman, President & CEO
Comp: $1.28M
Mr. R. John McWhorter (Age 59)
Chief Financial Officer
Comp: $685.34k
Ms. Audrey A. Duncan (Age 59)
Senior EVP & Chief Credit Officer
Comp: $602.56k
Ms. Vicki Alexander (Age 57)
Executive VP and Chief Risk & Operations Officer
Ms. Liz Eber
Chief Legal Officer
Mr. William Bobbora (Age 55)
Executive VP & Chief Banking Officer
Mr. Andrew Novarini
Executive VP & President of Community Banking
Mr. Christopher S. Peacock (Age 59)
Executive VP & Chief Retail Officer
Ms. Sarah Natho
Treasurer
Jo Ann Dean
Secretary

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

TCBX Stock Analysis - Frequently Asked Questions

Should I buy or sell Third Coast Bancshares stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Third Coast Bancshares in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TCBX shares.
View TCBX analyst ratings or view top-rated stocks.
What is Third Coast Bancshares' stock price target for 2024?: 3 equities research analysts have issued 1-year price targets for Third Coast Bancshares' stock. Their TCBX share price targets range from $20.00 to $26.00. On average, they expect the company's stock price to reach $22.67 in the next twelve months. This suggests a possible upside of 18.4% from the stock's current price.
View analysts price targets for TCBX or view top-rated stocks among Wall Street analysts.
How have TCBX shares performed in 2024?: Third Coast Bancshares' stock was trading at $19.87 at the beginning of 2024. Since then, TCBX shares have decreased by 3.7% and is now trading at $19.14.
View the best growth stocks for 2024 here.
Are investors shorting Third Coast Bancshares?: Third Coast Bancshares saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 41,800 shares, a decline of 34.2% from the March 15th total of 63,500 shares. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.4% of the company's stock are short sold.
View Third Coast Bancshares' Short Interest.
When is Third Coast Bancshares' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our TCBX earnings forecast.

How can I listen to Third Coast Bancshares' earnings call?: Third Coast Bancshares will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13744292#".
How were Third Coast Bancshares' earnings last quarter?: Third Coast Bancshares, Inc. (NASDAQ:TCBX) issued its quarterly earnings data on Thursday, January, 25th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.10. The business had revenue of $39.49 million for the quarter, compared to analysts' expectations of $37.74 million. Third Coast Bancshares had a trailing twelve-month return on equity of 8.38% and a net margin of 12.16%.
When did Third Coast Bancshares IPO?: Third Coast Bancshares (TCBX) raised $88 million in an initial public offering on Tuesday, November 9th 2021. The company issued 3,500,000 shares at a price of $24.00-$26.00 per share.
How do I buy shares of Third Coast Bancshares?: Shares of TCBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:TCBX) was last updated on 4/19/2024 by MarketBeat.com Staff

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Third Coast Bancshares (TCBX) Stock Price, News & Analysis

Third Coast Bancshares MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Third Coast Bancshares Stock (NASDAQ:TCBX)

TCBX Stock Price History

TCBX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

TCBX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™