Third Coast Bancshares, Inc. (NASDAQ:TCBX) Shares Purchased by Doliver Advisors LP

Doliver Advisors LP lifted its stake in Third Coast Bancshares, Inc. (NASDAQ:TCBX) by 44.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,250 shares of the company’s stock after acquiring an additional 6,250 shares during the period. Doliver Advisors LP’s holdings in Third Coast Bancshares were worth $687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. BlackBarn Capital Partners LP raised its holdings in Third Coast Bancshares by 14.7% during the second quarter. BlackBarn Capital Partners LP now owns 150,000 shares of the company’s stock worth $3,190,000 after purchasing an additional 19,219 shares in the last quarter. Wasatch Advisors LP acquired a new position in shares of Third Coast Bancshares during the 3rd quarter valued at $6,811,000. Wellington Management Group LLP bought a new stake in shares of Third Coast Bancshares in the 3rd quarter worth $1,443,000. State Street Corp lifted its holdings in shares of Third Coast Bancshares by 6.8% in the third quarter. State Street Corp now owns 218,514 shares of the company’s stock valued at $5,850,000 after buying an additional 13,948 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Third Coast Bancshares by 1.2% in the third quarter. Geode Capital Management LLC now owns 274,962 shares of the company’s stock valued at $7,363,000 after buying an additional 3,373 shares during the period. 36.88% of the stock is owned by institutional investors and hedge funds.

Third Coast Bancshares Trading Up 0.5 %

NASDAQ:TCBX traded up $0.17 during mid-day trading on Monday, reaching $33.24. 46,839 shares of the stock were exchanged, compared to its average volume of 61,039. The business has a fifty day moving average price of $34.73 and a 200 day moving average price of $27.96. Third Coast Bancshares, Inc. has a 1-year low of $18.00 and a 1-year high of $37.65. The firm has a market capitalization of $454.69 million, a PE ratio of 13.04 and a beta of 0.27.

Third Coast Bancshares (NASDAQ:TCBX) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.21. Third Coast Bancshares had a net margin of 13.23% and a return on equity of 10.14%. The company had revenue of $85.24 million for the quarter, compared to analysts’ expectations of $41.09 million. During the same quarter in the previous year, the company posted $0.32 EPS. On average, sell-side analysts forecast that Third Coast Bancshares, Inc. will post 2.68 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider William Bobbora bought 1,450 shares of Third Coast Bancshares stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of $35.33 per share, with a total value of $51,228.50. Following the completion of the acquisition, the insider now directly owns 6,050 shares in the company, valued at approximately $213,746.50. This trade represents a 31.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 10.20% of the stock is currently owned by company insiders.

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.