Third Coast Bancshares (NASDAQ:TCBX) Posts Earnings Results, Beats Estimates By $0.11 EPS

Third Coast Bancshares (NASDAQ:TCBX) posted its quarterly earnings data on Wednesday. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.11, Zacks reports. Third Coast Bancshares had a net margin of 13.23% and a return on equity of 10.14%.

Third Coast Bancshares Stock Down 0.7 %

TCBX stock traded down $0.25 during midday trading on Wednesday, hitting $33.36. The company’s stock had a trading volume of 47,951 shares, compared to its average volume of 60,590. Third Coast Bancshares has a 52-week low of $18.00 and a 52-week high of $37.65. The firm has a market capitalization of $456.36 million, a P/E ratio of 13.08 and a beta of 0.31. The firm has a 50-day simple moving average of $34.46 and a 200-day simple moving average of $28.98.

Insider Buying and Selling at Third Coast Bancshares

In other news, insider William Bobbora acquired 1,450 shares of Third Coast Bancshares stock in a transaction dated Thursday, December 5th. The shares were acquired at an average cost of $35.33 per share, for a total transaction of $51,228.50. Following the acquisition, the insider now owns 6,050 shares of the company’s stock, valued at $213,746.50. This trade represents a 31.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Third Coast Bancshares Company Profile

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.