Strs Ohio cut its position in shares of Third Coast Bancshares, Inc. (NASDAQ:TCBX – Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,500 shares of the company’s stock after selling 600 shares during the quarter. Strs Ohio owned approximately 0.21% of Third Coast Bancshares worth $566,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Salzhauer Michael increased its position in shares of Third Coast Bancshares by 25.9% during the 3rd quarter. Salzhauer Michael now owns 21,912 shares of the company’s stock valued at $375,000 after purchasing an additional 4,501 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Third Coast Bancshares during the 4th quarter valued at about $134,000. Doliver Advisors LP purchased a new stake in Third Coast Bancshares during the 4th quarter valued at about $308,000. Bailard Inc. purchased a new stake in Third Coast Bancshares during the 3rd quarter valued at about $298,000. Finally, Panagora Asset Management Inc. purchased a new stake in Third Coast Bancshares during the 3rd quarter valued at about $357,000. 36.88% of the stock is currently owned by institutional investors.
Third Coast Bancshares Stock Performance
NASDAQ TCBX opened at $19.90 on Friday. Third Coast Bancshares, Inc. has a fifty-two week low of $12.31 and a fifty-two week high of $21.50. The stock has a 50 day simple moving average of $19.33 and a two-hundred day simple moving average of $18.55. The stock has a market cap of $270.78 million, a P/E ratio of 9.80 and a beta of 0.65.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on TCBX shares. Raymond James increased their target price on Third Coast Bancshares from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Keefe, Bruyette & Woods started coverage on Third Coast Bancshares in a report on Thursday, January 11th. They set an “outperform” rating and a $26.00 target price for the company.
View Our Latest Report on Third Coast Bancshares
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.
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