Third Coast BancsharesTCBX
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
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]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
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 |