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

Seizert Capital Partners LLC raised its holdings in shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX) by 14.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,697 shares of the company’s stock after purchasing an additional 1,709 shares during the quarter. Seizert Capital Partners LLC owned approximately 0.10% of Third Coast Bancshares worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in shares of Third Coast Bancshares in the fourth quarter worth about $40,000. US Bancorp DE purchased a new stake in shares of Third Coast Bancshares in the fourth quarter worth about $73,000. Public Employees Retirement System of Ohio lifted its holdings 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 buying an additional 2,454 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Third Coast Bancshares by 17.7% in the fourth quarter. SG Americas Securities LLC now owns 5,043 shares of the company’s stock worth $171,000 after buying an additional 760 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in shares of Third Coast Bancshares in the fourth quarter worth about $232,000. 36.88% of the stock is owned by hedge funds and other institutional investors.

Third Coast Bancshares Trading Down 1.1 %

TCBX stock opened at $34.03 on Thursday. Third Coast Bancshares, Inc. has a 1-year low of $18.00 and a 1-year high of $39.44. The company’s 50 day moving average is $35.15 and its 200 day moving average is $31.91. The stock has a market cap of $465.50 million, a price-to-earnings ratio of 12.29 and a beta of 0.31.

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

Analyst Upgrades and Downgrades

TCBX has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods downgraded shares of Third Coast Bancshares from an “outperform” rating to a “market perform” rating and increased their price target 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 research 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 research 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.