Public Employees Retirement System of Ohio Has $109,000 Stake in Third Coast Bancshares, Inc. (NASDAQ:TCBX)

Public Employees Retirement System of Ohio lifted its holdings in Third Coast Bancshares, Inc. (NASDAQ:TCBX) by 150.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,081 shares of the company’s stock after buying an additional 2,454 shares during the period. Public Employees Retirement System of Ohio’s holdings in Third Coast Bancshares were worth $109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in shares of Third Coast Bancshares by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 39,984 shares of the company’s stock worth $850,000 after buying an additional 1,038 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Third Coast Bancshares by 196.6% in the 2nd quarter. Federated Hermes Inc. now owns 1,649 shares of the company’s stock worth $35,000 after buying an additional 1,093 shares during the last quarter. Martingale Asset Management L P grew its position in Third Coast Bancshares by 3.3% during the third quarter. Martingale Asset Management L P now owns 34,092 shares of the company’s stock valued at $913,000 after buying an additional 1,101 shares during the period. Empowered Funds LLC increased its holdings in Third Coast Bancshares by 5.0% during the third quarter. Empowered Funds LLC now owns 28,253 shares of the company’s stock worth $756,000 after buying an additional 1,340 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Third Coast Bancshares by 1.8% in the third quarter. Blue Trust Inc. now owns 147,082 shares of the company’s stock worth $3,937,000 after acquiring an additional 2,632 shares during the period. 36.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Third Coast Bancshares

In other Third Coast Bancshares news, insider William Bobbora acquired 1,450 shares of Third Coast Bancshares stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $35.33 per share, for a total transaction of $51,228.50. Following the purchase, the insider now owns 6,050 shares of the company’s stock, valued at approximately $213,746.50. This represents a 31.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 10.20% of the stock is currently owned by company insiders.

Third Coast Bancshares Stock Up 2.3 %

Third Coast Bancshares stock opened at $34.25 on Monday. The firm has a 50 day moving average price of $33.60 and a 200-day moving average price of $26.96. Third Coast Bancshares, Inc. has a twelve month low of $18.00 and a twelve month high of $37.65. The company has a market capitalization of $468.51 million, a P/E ratio of 13.43 and a beta of 0.27.

Third Coast Bancshares (NASDAQ:TCBX) last released its earnings results on Wednesday, October 23rd. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.21. Third Coast Bancshares had a return on equity of 10.14% and a net margin of 13.23%. The business had revenue of $85.24 million during the quarter, compared to the consensus estimate of $41.09 million. During the same period last year, the business posted $0.32 earnings per share. Equities analysts expect that Third Coast Bancshares, Inc. will post 2.68 EPS for the current fiscal year.

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.