Third Coast Bancshares (TCBX)

• Market cap: $489M
• 1 day: -3.69%
• 5 days: -7.11%
• 1 month: 5.65%
• 3 months: 0.68%
• 6 months: 54.86%
• Year to date: 8.13%
• 1 year: 85.92%
• 5 years: 41.98%
• 10 years: 41.98%
• Sector: Financials
• Industry: Savings Institutions, Not Federally Chartered

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 Q4 regulatory filings by fund managers ($100M+ AUM)

389% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 9

236% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 14

43% more capital invested

Capital invested by funds: $170M [Q3] → $243M (+$73.1M) [Q4]

34% more funds holding

Funds holding: 90 [Q3] → 121 (+31) [Q4]

5.33% more ownership

Funds ownership: 46.72% [Q3] → 52.05% (+5.33%) [Q4]

Research analyst outlook

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

• Low target: $39 10% upside
• Avg. target: $41 15% upside
• High target: $42 18% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Keefe, Bruyette & Woods Wood Lay 75% 1-year accuracy 56 / 75 met price target	18% upside $42	Market Perform Downgraded	29 Jan 2025
Raymond James Michael Rose 76% 1-year accuracy 16 / 21 met price target	10% upside $39	Outperform Reiterated	24 Jan 2025
Stephens & Co. Matt Olney 75% 1-year accuracy 27 / 36 met price target	18% upside $42	Overweight Reiterated	23 Jan 2025