Seizert Capital Partners LLC Buys New Position in Third Coast Bancshares, Inc. (NASDAQ:TCBX)

Seizert Capital Partners LLC bought a new stake in Third Coast Bancshares, Inc. (NASDAQ:TCBX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,988 shares of the company’s stock, valued at approximately $321,000. Seizert Capital Partners LLC owned approximately 0.09% of Third Coast Bancshares as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC grew its position in Third Coast Bancshares by 5.0% in the 3rd quarter. Empowered Funds LLC now owns 28,253 shares of the company’s stock valued at $756,000 after buying an additional 1,340 shares in the last quarter. Blue Trust Inc. lifted its holdings in Third Coast Bancshares by 1.8% in the 3rd quarter. Blue Trust Inc. now owns 147,082 shares of the company’s stock valued at $3,937,000 after acquiring an additional 2,632 shares during the last quarter. Inspire Investing LLC acquired a new stake in Third Coast Bancshares in the 3rd quarter valued at about $823,000. SG Americas Securities LLC acquired a new stake in Third Coast Bancshares in the 3rd quarter valued at about $115,000. Finally, AQR Capital Management LLC acquired a new stake in Third Coast Bancshares in the 2nd quarter valued at about $255,000. Institutional investors own 36.88% of the company’s stock.

Third Coast Bancshares Stock Performance

Shares of TCBX opened at $34.58 on Monday. Third Coast Bancshares, Inc. has a 52 week low of $16.52 and a 52 week high of $36.20. The company has a market capitalization of $473.05 million, a PE ratio of 13.56 and a beta of 0.27. The company’s 50 day moving average price is $28.89 and its 200 day moving average price is $24.41.

Third Coast Bancshares (NASDAQ:TCBX) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.21. The business had revenue of $85.24 million during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.32 EPS. On average, equities analysts forecast that Third Coast Bancshares, Inc. will post 2.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research 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 company a “hold” rating in a 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 research note on Monday, July 29th.

Third Coast Bancshares Company 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.