Third Coast Bancshares (TCBX) to Announce Q4 Earnings on January 21, Forecasting $53.07M Revenue
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Earnings Announcement: Third Coast Bancshares is set to release its Q4 2023 earnings on January 21 after market close, with consensus EPS estimated at $0.91 and revenue projected at $53.07 million, reflecting a 14.6% year-over-year growth potential.
- Earnings Forecast Analysis: Over the past three months, EPS estimates have seen two upward revisions and one downward revision, indicating a growing confidence among analysts in the company's profitability, while revenue estimates have also experienced two upward revisions with no downward adjustments, suggesting a positive market outlook.
- Acquisition Update: Third Coast Bancshares recently announced its acquisition of Keystone Bancshares for $123 million, which is expected to enhance its market position and expand its customer base, driving future revenue growth.
- Market Rating: According to Seeking Alpha's Quant Rating, Third Coast Bancshares is viewed as an undervalued investment opportunity, indicating market recognition of its long-term value and potentially attracting more investor interest.
Analyst Views on TCBX
Wall Street analysts forecast TCBX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TCBX is 44.50 USD with a low forecast of 43.00 USD and a high forecast of 46.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 38.120
Low
43.00
Averages
44.50
High
46.00
Current: 38.120
Low
43.00
Averages
44.50
High
46.00
About TCBX
Third Coast Bancshares, Inc. is a bank holding company. The Company is operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank (the Bank). The Bank conducts banking operations through approximately 19 branches encompassing the four metropolitan areas in Texas. It is focused on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The Bank's deposits include checking accounts, money market accounts, savings accounts, a variety of certificates of deposit and individual retirement accounts. It offers traditional bank products such as checking, savings, money markets, and CD accounts, as well as a full range of banking services including retail and commercial online banking platforms, mobile banking apps, debit cards, credit cards, a suite of treasury management solutions, merchant card services and customer digital solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
