Third Coast Bancshares (NASDAQ:TCBX – Get Rating) posted its quarterly earnings results on Thursday. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02), MarketWatch Earnings reports.
Third Coast Bancshares stock opened at $22.67 on Monday. The stock has a 50 day moving average price of $22.80. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.17. Third Coast Bancshares has a fifty-two week low of $22.01 and a fifty-two week high of $30.50.
Several institutional investors have recently added to or reduced their stakes in TCBX. The Manufacturers Life Insurance Company purchased a new position in shares of Third Coast Bancshares in the fourth quarter worth approximately $7,906,000. BlackRock Inc. acquired a new stake in shares of Third Coast Bancshares during the fourth quarter worth approximately $2,872,000. Geode Capital Management LLC acquired a new stake in shares of Third Coast Bancshares during the fourth quarter worth approximately $1,423,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Third Coast Bancshares during the fourth quarter worth approximately $1,089,000. Finally, Millennium Management LLC acquired a new stake in shares of Third Coast Bancshares during the fourth quarter worth approximately $900,000. 0.78% of the stock is currently owned by institutional investors and hedge funds.
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.
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