Streetbeat News

TCBX

Third Coast Bancshares, Inc.

https://www.tcbssb.com

Industry

Banks - Regional

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. It also offers commercial and industrial loans, such as equipment loans, working capital, auto finance, and commercial finance. In addition, the company provides treasury management consumer and commercial online banking services, mobile applications, safe deposit boxes, and wire transfer services, as well as debit cards. It operates through eleven branches in Greater Houston, Dallas-Fort Worth, and Austin-San Antonio; and one branch in Detroit, Texas. The company was founded in 2008 and is headquartered in Humble, Texas.

Open

35.66

Mkt cap

482M

Volume

67K

High

35.69

P/E Ratio

13.78

52-wk high

36.20

Low

35.02

Div yield

N/A

52-wk low

16.52

Third Coast Bancshares (NASDAQ:TCBX) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $0.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, TCBX's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates, resulting in a 1.47% share price drop. Over the past year, TCBX shares have slightly increased by 0.19%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:01 pm

Keefe, Bruyette & Woods analyst Brady Gailey has initiated coverage on Third Coast Bancshares (NASDAQ:TCBX) with an Outperform rating and set a price target of $26.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:17 pm

Financial stocks, including a broad range of banks and financial services companies, experienced a rise in share prices following the release of October CPI data indicating inflation was softer than expected. This positive reaction reflects overall market strength and optimism that lower inflation could reduce pressure on the Federal Reserve to maintain an aggressive rate hike policy.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:30 pm

Stephens & Co. analyst Matt Olney maintains an Overweight rating on Third Coast Bancshares (NASDAQ:TCBX) but lowers the price target from $23 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:39 pm

Raymond James analyst Michael Rose has maintained an 'Outperform' rating on Third Coast Bancshares (NASDAQ:TCBX) but lowered the price target from $23 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 1:46 pm

Third Coast Bancshares (NASDAQ:TCBX) reported Q3 earnings of $0.32 per share, missing the analyst consensus estimate of $0.49 by 34.69%. The company also reported quarterly sales of $37.13 million, missing the estimate of $37.15 million by 0.04%. This represents a 34.69% decrease in earnings and a 9.56% increase in sales compared to the same period last year.

Portfolio Pulse from vinayak@benzinga.com

October 25, 2023 | 9:34 pm

Third Coast Bancshares (NASDAQ:TCBX) is set to release its quarterly earnings report on October 25, 2023. Analysts estimate an earnings per share (EPS) of $0.49. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. However, the stock has seen a 5.38% decrease over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 9:00 pm

Stephens & Co. analyst Matt Olney maintains an Overweight rating on Third Coast Bancshares (NASDAQ:TCBX) and raises the price target from $19 to $24.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 28, 2023 | 3:56 pm

Raymond James analyst David Long has upgraded Third Coast Bancshares (NASDAQ:TCBX) from Market Perform to Outperform and set a price target of $23.

Portfolio Pulse from richadhand@benzinga.com

July 28, 2023 | 9:19 am

Third Coast Bancshares (NASDAQ:TCBX) reported Q2 earnings of $0.53 per share, beating the analyst consensus estimate of $0.50 by 6%. This is a 231.25% increase from the same period last year. The company also reported quarterly sales of $36.38 million, beating the analyst consensus estimate of $35.72 million by 1.84%. This is a 25.42% increase from the same period last year.

Portfolio Pulse from saritha@benzinga.com

July 26, 2023 | 8:30 pm

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