Third Coast Bancshares (TCBX) Set to Announce Quarterly Earnings on Wednesday

Third Coast Bancshares (NASDAQ:TCBX) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Third Coast Bancshares (NASDAQ:TCBX) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.08. The company had revenue of $84.11 million during the quarter, compared to the consensus estimate of $41.00 million. Third Coast Bancshares had a net margin of 11.54% and a return on equity of 8.72%. During the same period last year, the firm earned $0.53 EPS. On average, analysts expect Third Coast Bancshares to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Third Coast Bancshares Stock Up 1.8 %

Shares of Third Coast Bancshares stock opened at $27.95 on Wednesday. The stock has a market capitalization of $381.60 million, a P/E ratio of 13.77 and a beta of 0.30. The company has a 50-day simple moving average of $24.97 and a 200 day simple moving average of $22.27. Third Coast Bancshares has a 12-month low of $14.09 and a 12-month high of $28.25.

Wall Street Analyst Weigh In

TCBX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Third Coast Bancshares from $22.00 to $26.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $28.00 target price (up previously from $26.00) on shares of Third Coast Bancshares in a research report on Monday, July 29th.

About Third Coast Bancshares

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.