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

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

Third Coast Bancshares (NASDAQ:TCBX) last announced its earnings results on Wednesday, July 24th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.08. Third Coast Bancshares had a net margin of 11.54% and a return on equity of 8.72%. The business had revenue of $84.11 million during the quarter, compared to analyst estimates of $41.00 million. During the same period in the previous year, the business 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 Trading Down 2.1 %

TCBX opened at $27.35 on Tuesday. The company has a market cap of $373.87 million, a price-to-earnings ratio of 12.84 and a beta of 0.30. The company’s 50 day moving average is $25.64 and its 200 day moving average is $22.58. Third Coast Bancshares has a 12-month low of $14.09 and a 12-month high of $28.60.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TCBX shares. Deutsche Bank Aktiengesellschaft upped their price target 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 reaffirmed an “outperform” rating and set a $28.00 price objective (up from $26.00) on shares of Third Coast Bancshares in a 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.