Seizert Capital Partners LLC Purchases 1,709 Shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX)

Seizert Capital Partners LLC lifted its position in shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX) by 14.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,697 shares of the company’s stock after purchasing an additional 1,709 shares during the period. Seizert Capital Partners LLC’s holdings in Third Coast Bancshares were worth $465,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TCBX. Barclays PLC increased its position in Third Coast Bancshares by 254.6% during the 3rd quarter. Barclays PLC now owns 15,929 shares of the company’s stock valued at $426,000 after purchasing an additional 11,437 shares during the period. Geode Capital Management LLC boosted its stake in shares of Third Coast Bancshares by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 274,962 shares of the company’s stock valued at $7,363,000 after purchasing an additional 3,373 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Third Coast Bancshares by 131.6% during the third quarter. JPMorgan Chase & Co. now owns 23,350 shares of the company’s stock valued at $625,000 after buying an additional 13,270 shares during the period. Wellington Management Group LLP bought a new position in Third Coast Bancshares in the third quarter worth about $1,443,000. Finally, Wasatch Advisors LP purchased a new stake in Third Coast Bancshares in the third quarter worth about $6,811,000. 36.88% of the stock is owned by institutional investors.

Third Coast Bancshares Stock Performance

TCBX stock opened at $34.03 on Thursday. The firm has a 50 day moving average price of $35.15 and a 200-day moving average price of $31.91. Third Coast Bancshares, Inc. has a 52-week low of $18.00 and a 52-week high of $39.44. The firm has a market capitalization of $465.50 million, a price-to-earnings ratio of 12.29 and a beta of 0.31.

Third Coast Bancshares (NASDAQ:TCBX) last announced its quarterly earnings data on Wednesday, January 22nd. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.11. Third Coast Bancshares had a return on equity of 10.93% and a net margin of 14.06%. As a group, sell-side analysts forecast that Third Coast Bancshares, Inc. will post 3.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on TCBX shares. Keefe, Bruyette & Woods lowered shares of Third Coast Bancshares from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $40.00 to $42.00 in a report on Wednesday, January 29th. Raymond James restated an “outperform” rating and issued a $39.00 price objective (up from $34.00) on shares of Third Coast Bancshares in a report on Friday, January 24th. Finally, Stephens restated an “overweight” rating and issued a $42.00 price objective on shares of Third Coast Bancshares in a report on Thursday, January 23rd.

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.