Third Coast Bancshares, Inc. (NASDAQ:TCBX) Shares Acquired by Barclays PLC

Barclays PLC boosted its holdings in Third Coast Bancshares, Inc. (NASDAQ:TCBX) by 254.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 15,929 shares of the company’s stock after buying an additional 11,437 shares during the quarter. Barclays PLC’s holdings in Third Coast Bancshares were worth $426,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its holdings in Third Coast Bancshares by 196.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,649 shares of the company’s stock valued at $35,000 after buying an additional 1,093 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Third Coast Bancshares by 150.8% in the third quarter. Public Employees Retirement System of Ohio now owns 4,081 shares of the company’s stock worth $109,000 after acquiring an additional 2,454 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Third Coast Bancshares in the third quarter valued at approximately $115,000. AQR Capital Management LLC acquired a new position in Third Coast Bancshares during the second quarter worth approximately $255,000. Finally, Seizert Capital Partners LLC purchased a new position in Third Coast Bancshares during the third quarter worth approximately $321,000. 36.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Third Coast Bancshares

In other Third Coast Bancshares news, insider William Bobbora bought 1,450 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $35.33 per share, with a total value of $51,228.50. Following the purchase, the insider now owns 6,050 shares in the company, valued at approximately $213,746.50. The trade was a 31.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 10.20% of the company’s stock.

Third Coast Bancshares Stock Up 0.7 %

Shares of NASDAQ TCBX opened at $33.07 on Friday. The stock has a market capitalization of $452.36 million, a PE ratio of 12.97 and a beta of 0.27. The firm has a fifty day moving average of $34.73 and a 200-day moving average of $27.84. Third Coast Bancshares, Inc. has a 52-week low of $18.00 and a 52-week high of $37.65.

Third Coast Bancshares (NASDAQ:TCBX) last issued its earnings results on Wednesday, October 23rd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. The firm had revenue of $85.24 million for the quarter, compared to analysts’ expectations of $41.09 million. Third Coast Bancshares had a return on equity of 10.14% and a net margin of 13.23%. During the same quarter last year, the firm earned $0.32 earnings per share. Equities research analysts expect that Third Coast Bancshares, Inc. will post 2.68 EPS for the current fiscal year.

Third Coast Bancshares Profile

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.