Third Coast Bancshares
TCBX

$25.22

0.51%

Market Cap: $345M

About: Third Coast Bancshares Inc is a bank holding company. It focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The bank operates eleven branches in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, and one branch in Detroit, Texas. The company has one segment, community banking, it generates most of its revenue from interest on loans, customer service, and loan fees.

Employees: 365

Financials Savings Institutions, Not Federally Chartered

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

43% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 21

8% more capital invested

Capital invested by funds: $109M [Q1] → $118M (+$8.49M) [Q2]

7% more funds holding

Funds holding: 75 [Q1] → 80 (+5) [Q2]

0.53% more ownership

Funds ownership: 40.04% [Q1] → 40.56% (+0.53%) [Q2]

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$26

3%

upside

Avg. target

$27

7%

upside

High target

$28

11%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Deutsche Bank Bernard von-Gizycki 0 / 0 met price target	3%upside $26	Hold Maintained	29 Jul 2024
Keefe, Bruyette & Woods Wood Lay 62% 1-year accuracy 13 / 21 met price target	11%upside $28	Outperform Reiterated	29 Jul 2024

See Analyst Rankings

Financial journalist opinion

Third Coast Celebrates its 1,000th day as a Nasdaq listed company by Ringing the Nasdaq Closing Bell

Completed successful IPO on November 12, 2021 Expanded community banking offices from 11 in 2021 to 18 today HOUSTON , Aug. 6, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, today announced that its Chairman and Chief Executive Officer, Bart Caraway, and other members of the Third Coast management team will ring the closing bell at the Nasdaq MarketSite in Times Square, New York on Tuesday, August 6, 2024. "Today we celebrate another milestone for our Company," said Mr.

Third Coast Celebrates its 1,000th day as a Nasdaq listed company by Ringing the Nasdaq Closing Bell

Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q2 2024

Dallas, Texas--(Newsfile Corp. - July 26, 2024) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. (NASDAQ: TCBX). To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q2 2024

Zacks Investment Research

Third Coast Bancshares, Inc. (TCBX) Beats Q2 Earnings and Revenue Estimates

Third Coast Bancshares, Inc. (TCBX) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.53 per share a year ago.

Third Coast Bancshares, Inc. (TCBX) Beats Q2 Earnings and Revenue Estimates

THIRD COAST BANCSHARES, INC. REPORTS 2024 SECOND QUARTER FINANCIAL RESULTS

Record EPS of $0.70 and Diluted EPS of $0.63 in Latest Quarterly Results HOUSTON , July 24, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 second quarter financial results. 2024 Second Quarter Financial and Operational Highlights Net income for the second quarter of 2024 totaled $10.8 million, or $0.70 and $0.63 per basic and diluted share, respectively, compared to $10.4 million, or $0.68 and $0.61 per basic and diluted share, respectively, for the first quarter of 2024.

THIRD COAST BANCSHARES, INC. REPORTS 2024 SECOND QUARTER FINANCIAL RESULTS

Third Coast Bancshares, Inc. Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

HOUSTON , July 11, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 second quarter financial results on Wednesday, July 24, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, July 25, 2024 at 11:00 a.m.

Third Coast Bancshares, Inc. Announces 2024 Second Quarter Earnings Release and Conference Call Schedule

Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock

HOUSTON , June 20, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $17.0625 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on July 15, 2024 to holders of record at the close of business on June 30, 2024.

Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock

Stonegate Initiates Coverage on Third Coast Bancshares, Inc. (TCBX)

Dallas, Texas--(Newsfile Corp. - June 13, 2024) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners initiates their coverage on Third Coast Bancshares, Inc. (NASDAQ: TCBX). To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Initiates Coverage on Third Coast Bancshares, Inc. (TCBX)

Zacks Investment Research

Earnings Estimates Moving Higher for Third Coast Bancshares (TCBX): Time to Buy?

Third Coast Bancshares (TCBX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Third Coast Bancshares (TCBX): Time to Buy?

Third Coast Bancshares, Inc. Celebrates Earth Month 2024, Reinforcing its Commitment to Impact & Sustainability

Highlighting its Month-Long, Companywide Sustainable Habits Initiative Since 2022, over 1,075 trees have been planted in recognition of Third Coast employees. HOUSTON , April 29, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced its observance of Earth Month throughout April, showcasing its dedication to sustainability and making a significant impact for the environment.

Third Coast Bancshares, Inc. Celebrates Earth Month 2024, Reinforcing its Commitment to Impact & Sustainability

Zacks Investment Research

Third Coast Bancshares (TCBX) Upgraded to Strong Buy: What Does It Mean for the Stock?

Third Coast Bancshares (TCBX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Third Coast Bancshares (TCBX) Upgraded to Strong Buy: What Does It Mean for the Stock?

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