Salzhauer Michael Boosts Stock Position in Third Coast Bancshares, Inc. (NASDAQ:TCBX)

Salzhauer Michael grew its position in Third Coast Bancshares, Inc. (NASDAQ:TCBXFree Report) by 25.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,912 shares of the company’s stock after purchasing an additional 4,501 shares during the period. Salzhauer Michael owned approximately 0.16% of Third Coast Bancshares worth $375,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Royal Bank of Canada raised its position in Third Coast Bancshares by 11.1% in the second quarter. Royal Bank of Canada now owns 6,023 shares of the company’s stock valued at $96,000 after purchasing an additional 603 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Third Coast Bancshares by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 35,100 shares of the company’s stock valued at $647,000 after buying an additional 851 shares in the last quarter. State Street Corp grew its stake in shares of Third Coast Bancshares by 0.5% in the second quarter. State Street Corp now owns 191,074 shares of the company’s stock valued at $3,032,000 after buying an additional 900 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Third Coast Bancshares by 5.8% in the second quarter. Marshall Wace LLP now owns 25,228 shares of the company’s stock valued at $400,000 after buying an additional 1,390 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Third Coast Bancshares by 5.0% in the fourth quarter. Renaissance Technologies LLC now owns 35,800 shares of the company’s stock valued at $660,000 after buying an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 44.17% of the company’s stock.

Third Coast Bancshares Trading Down 3.1 %

Shares of Third Coast Bancshares stock traded down $0.60 on Tuesday, hitting $18.58. The stock had a trading volume of 23,647 shares, compared to its average volume of 25,545. Third Coast Bancshares, Inc. has a 52-week low of $12.31 and a 52-week high of $21.50. The stock has a market cap of $252.69 million, a price-to-earnings ratio of 9.76 and a beta of 0.65. The company’s 50 day moving average price is $19.09 and its 200 day moving average price is $18.39.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stephens lowered their target price on Third Coast Bancshares from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Raymond James upped their price objective on Third Coast Bancshares from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, Keefe, Bruyette & Woods began coverage on Third Coast Bancshares in a research report on Thursday, January 11th. They set an “outperform” rating and a $26.00 price objective for the company.

Read Our Latest Report on TCBX

Third Coast Bancshares Profile

(Free Report)

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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Institutional Ownership by Quarter for Third Coast Bancshares (NASDAQ:TCBX)

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