Brokers expect Third Coast Bancshares Inc (NASDAQ:TCBX) to report earnings of $0.16 per share

Wall Street brokers expect Third Coast Bancshares Inc (NASDAQ:TCBX) to report earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks Investment Research reports. Two analysts released earnings estimates for Third Coast Bancshares. The lowest EPS estimate is $0.12 and the highest is $0.20. The company is expected to announce its next quarterly results on Thursday, April 28.

According to Zacks, analysts expect Third Coast Bancshares to report annual earnings of $1.02 per share for the current year, with EPS estimates ranging from $0.86 to $1.15. For next year, analysts expect the company to post earnings of $2.33 per share, with EPS estimates ranging from $2.15 to $2.51. Zacks earnings per share averages are an average average based on a survey of sell-side research analysts who cover Third Coast Bancshares.

Third Coast Bancshares (NASDAQ:TCBX) last released its results on Wednesday, December 22. The company reported earnings per share of $0.28 for the quarter. The company had revenue of $22.97 million for the quarter.

A number of research companies have weighed in on TCBX recently. Stephens began coverage of Third Coast Bancshares in a research report on Monday, December 6. They set an “overweight” rating and a target price of $32.00 on the stock. Deutsche Bank Aktiengesellschaft began covering shares of Third Coast Bancshares in a research note on Monday, December 6. They set a “hold” rating and a price target of $28.00 for the company. Zacks Investment Research upgraded shares of Third Coast Bancshares from a “hold” rating to a “buy” rating and set a price target of $27.00 for the company in a research note on Saturday. Finally, Piper Sandler began covering shares of Third Coast Bancshares in a research note on Monday, December 6. They set an “overweight” rating and a price target of $30.00 for the company.

A hedge fund recently bought a new stake in the shares of Third Coast Bancshares. The New York State Common Retirement Fund acquired a new stake in Third Coast Bancshares Inc (NASDAQ:TCBX) in the fourth quarter, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The fund bought 2,000 shares of the company, valued at around $52,000.

TCBX stock traded down $0.04 during Friday’s trading, hitting $23.92. 29,095 shares were traded, against an average volume of 41,450. Third Coast Bancshares has a 12-month low of $23.60 and a 12-month high of $30.50. The company’s 50-day simple moving average is $25.88. The company has a quick ratio of 1.08, a current ratio of 1.08 and a leverage ratio of 0.25.

About Third Coast Bancshares

Third Coast Bancshares Inc is a commercially oriented bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank, SSB . The Company offers savings accounts, checking accounts, personal and business loans, credit and debit cards, online and mobile banking, bill payment and other financial services.

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