Brokerages expect Third Coast Bancshares, Inc. (NASDAQ:TCBX – Get Rating) to report $29.32 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Third Coast Bancshares’ earnings. The highest sales estimate is $30.14 million and the lowest is $28.50 million. The firm is expected to announce its next earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Third Coast Bancshares will report full year sales of $128.13 million for the current year, with estimates ranging from $123.60 million to $132.66 million. For the next financial year, analysts anticipate that the firm will report sales of $163.00 million, with estimates ranging from $150.90 million to $175.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Third Coast Bancshares.
Third Coast Bancshares (NASDAQ:TCBX – Get Rating) last announced its quarterly earnings data on Thursday, January 27th. The company reported $0.03 EPS for the quarter. The company had revenue of $26.67 million for the quarter.
Shares of Third Coast Bancshares stock traded down $0.05 during trading on Monday, reaching $22.22. 23,611 shares of the company were exchanged, compared to its average volume of 35,789. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.17. Third Coast Bancshares has a twelve month low of $22.02 and a twelve month high of $30.50. The business’s 50-day simple moving average is $22.98.
A number of large investors have recently added to or reduced their stakes in TCBX. Citigroup Inc. bought a new stake in Third Coast Bancshares in the fourth quarter valued at approximately $32,000. New York State Common Retirement Fund acquired a new position in shares of Third Coast Bancshares in the fourth quarter valued at approximately $52,000. California State Teachers Retirement System acquired a new position in shares of Third Coast Bancshares in the fourth quarter valued at approximately $52,000. Deutsche Bank AG acquired a new position in shares of Third Coast Bancshares in the fourth quarter valued at approximately $56,000. Finally, Wells Fargo & Company MN acquired a new stake in Third Coast Bancshares during the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 0.78% of the company’s stock.
Third Coast Bancshares Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Third Coast Bancshares (TCBX)
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