Third Coast Bancshares (TCBX) Projected to Post Quarterly Earnings on Wednesday

Third Coast Bancshares (NASDAQ:TCBX) is projected to issue its Q2 2025 quarterly earnings data before the market opens on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.75 per share and revenue of $47.52 million for the quarter.

Third Coast Bancshares (NASDAQ:TCBX) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.08. The business had revenue of $45.90 million during the quarter, compared to analysts’ expectations of $46.02 million. Third Coast Bancshares had a return on equity of 11.15% and a net margin of 14.90%. On average, analysts expect Third Coast Bancshares to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Third Coast Bancshares Stock Down 3.1%

TCBX stock opened at $35.81 on Wednesday. Third Coast Bancshares has a twelve month low of $20.66 and a twelve month high of $39.45. The company has a market cap of $495.25 million, a P/E ratio of 12.18 and a beta of 0.39. The business has a fifty day moving average of $32.04 and a 200-day moving average of $32.71.

Third Coast Bancshares declared that its board has authorized a stock buyback plan on Tuesday, June 17th that allows the company to buyback $30.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Third Coast Bancshares news, insider William Bobbora acquired 2,400 shares of the company’s stock in a transaction that occurred on Monday, April 28th. The stock was acquired at an average price of $28.51 per share, for a total transaction of $68,424.00. Following the acquisition, the insider directly owned 9,250 shares in the company, valued at $263,717.50. This represents a 35.04% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 10.28% of the company’s stock.

Hedge Funds Weigh In On Third Coast Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in Third Coast Bancshares by 21.7% during the first quarter. AQR Capital Management LLC now owns 38,431 shares of the company’s stock worth $1,282,000 after acquiring an additional 6,857 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Third Coast Bancshares by 32,994.4% during the first quarter. Focus Partners Wealth now owns 41,699 shares of the company’s stock valued at $1,391,000 after buying an additional 41,573 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Third Coast Bancshares by 43.6% in the first quarter. Empowered Funds LLC now owns 42,604 shares of the company’s stock valued at $1,422,000 after purchasing an additional 12,945 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Third Coast Bancshares by 88.2% during the 1st quarter. Millennium Management LLC now owns 177,521 shares of the company’s stock worth $5,924,000 after buying an additional 83,209 shares in the last quarter. 36.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TCBX has been the topic of several research reports. Raymond James Financial cut Third Coast Bancshares from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Third Coast Bancshares from $39.00 to $36.00 and set a “market perform” rating for the company in a research report on Friday, April 25th. Finally, Stephens cut their price objective on shares of Third Coast Bancshares from $44.00 to $39.00 and set an “overweight” rating for the company in a report on Friday, April 25th.

About Third Coast Bancshares

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.