Analysts expect Third Coast Bancshares, Inc. (NASDAQ:TCBX – Get Rating) to announce earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Third Coast Bancshares’ earnings, with estimates ranging from $0.29 to $0.32. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Third Coast Bancshares will report full year earnings of $0.93 per share for the current fiscal year, with EPS estimates ranging from $0.47 to $1.18. For the next financial year, analysts expect that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $2.15 to $2.40. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Third Coast Bancshares.
Third Coast Bancshares (NASDAQ:TCBX – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.07).
NASDAQ TCBX opened at $22.67 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average price is $22.80. Third Coast Bancshares has a 1 year low of $22.01 and a 1 year high of $30.50.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Adage Capital Partners GP L.L.C. acquired a new stake in Third Coast Bancshares in the fourth quarter worth about $11,376,000. Alliancebernstein L.P. purchased a new position in Third Coast Bancshares in the 4th quarter valued at about $8,736,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Third Coast Bancshares during the fourth quarter worth approximately $7,906,000. Kennedy Capital Management Inc. purchased a new stake in Third Coast Bancshares during the 4th quarter valued at about $5,777,000. Finally, Forest Hill Capital LLC acquired a new stake in shares of Third Coast Bancshares in the fourth quarter valued at approximately $3,248,000. 0.78% of the stock is 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.
- Get a free copy of the StockNews.com research report on Third Coast Bancshares (TCBX)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- O’Reilly Automotive Hits A Pothole
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Third Coast Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Third Coast Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.