Latest news with #ThirdCoastBancshares
Yahoo
01-05-2025
- Business
- Yahoo
Senior EVP & CFO of Third Coast Bancshares Picks Up 3.7% More Stock
Potential Third Coast Bancshares, Inc. (NASDAQ:TCBX) shareholders may wish to note that the Senior EVP & CFO, R. McWhorter, recently bought US$292k worth of stock, paying US$29.21 for each share. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 3.7%. We check all companies for important risks. See what we found for Third Coast Bancshares in our free report. Notably, that recent purchase by R. McWhorter is the biggest insider purchase of Third Coast Bancshares shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$29.80. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices. Over the last year, we can see that insiders have bought 27.75k shares worth US$748k. On the other hand they divested 2.00k shares, for US$75k. In the last twelve months there was more buying than selling by Third Coast Bancshares insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! See our latest analysis for Third Coast Bancshares Third Coast Bancshares is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Third Coast Bancshares insiders own about US$32m worth of shares. That equates to 7.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Third Coast Bancshares we think they are probably pretty confident of a bright future. Of course, the future is what matters most. So if you are interested in Third Coast Bancshares, you should check out this free report on analyst forecasts for the company. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Associated Press
25-04-2025
- Business
- Associated Press
Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q1 2025
Dallas, Texas--(Newsfile Corp. - April 25, 2025) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. For 1Q25, Third Coast reported net income of $13.6M, virtually flat from $13.7M in 4Q24. This was equal to a basic and diluted EPS of $0.90 and $0.78, respectively. The Q/Q stability was primarily attributed to higher net interest income, driven by steady loan growth and strong asset quality. However, this increase was partially offset by a slightly higher provision for credit losses and rising expenses related to salaries, employee benefits, and seasonal expenses. We anticipate that the Company will continue prioritizing operational efficiency by sustaining its 1% improvement initiative, though the securitization is expected to impact this. This strategy is expected to support Third Coast in the current macroeconomic landscape. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: [ This image cannot be displayed. Please visit the source: ] Click image above to view full announcement. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies. Contacts: Stonegate Capital Partners (214) 987-4121 [email protected] Source: Stonegate, Inc. To view the source version of this press release, please visit
Yahoo
09-04-2025
- Business
- Yahoo
Discover 3 Undiscovered Gems in the US Market
In the midst of a highly volatile trading environment, marked by significant swings in major indices like the S&P 500 and Dow Jones Industrial Average due to tariff uncertainties, investors are increasingly seeking opportunities beyond the well-trodden paths of large-cap stocks. As market participants navigate these turbulent waters, identifying promising small-cap companies that demonstrate resilience and potential for growth becomes crucial. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Morris State Bancshares 9.72% 4.94% 6.51% ★★★★★★ Wilson Bank Holding NA 7.87% 8.22% ★★★★★★ Omega Flex NA -0.52% 0.74% ★★★★★★ ASA Gold and Precious Metals NA 7.47% -26.86% ★★★★★★ Teekay NA -0.89% 62.53% ★★★★★★ Solesence 33.45% 23.87% -3.75% ★★★★★★ Anbio Biotechnology NA 8.43% 184.88% ★★★★★★ FRMO 0.08% 38.78% 45.85% ★★★★★☆ Pure Cycle 5.15% -2.61% -6.23% ★★★★★☆ Reitar Logtech Holdings 31.39% 231.46% 41.38% ★★★★☆☆ Click here to see the full list of 283 stocks from our US Undiscovered Gems With Strong Fundamentals screener. Let's explore several standout options from the results in the screener. Simply Wall St Value Rating: ★★★★★★ Overview: Enterprise Bancorp, Inc. is the holding company for Enterprise Bank and Trust Company, offering community-focused commercial banking products and services, with a market cap of $424.36 million. Operations: Enterprise Bancorp generates revenue primarily from its banking segment, amounting to $168.76 million. Enterprise Bancorp, with total assets of US$4.8 billion and equity of US$360.7 million, stands out for its robust financial position. The company has total deposits amounting to US$4.2 billion and loans at US$3.9 billion, reflecting a strong banking operation supported by a net interest margin of 3.2%. Its allowance for bad loans is well-covered at 238%, with non-performing loans kept low at 0.7% of total loans, showcasing high-quality earnings growth that surpassed the industry average last year by growing 1.8%. Recently trading significantly below its estimated fair value presents potential opportunities for investors seeking value in the financial sector. Get an in-depth perspective on Enterprise Bancorp's performance by reading our health report here. Explore historical data to track Enterprise Bancorp's performance over time in our Past section. Simply Wall St Value Rating: ★★★★★★ Overview: Third Coast Bancshares, Inc. is a bank holding company for Third Coast Bank, offering a range of commercial banking solutions to small and medium-sized businesses and professionals in the United States, with a market cap of $391.47 million. Operations: Third Coast Bancshares generates revenue primarily from its community banking segment, amounting to $165.68 million. The net profit margin for the company reflects its financial efficiency and profitability in managing expenses relative to its revenue generation. Third Coast Bancshares, a bank with $4.9 billion in assets and $460.7 million in equity, is gaining attention for its robust growth and strategic initiatives. The bank's earnings surged by 49.7% last year, outpacing the industry average of -1.2%. With total deposits at $4.3 billion and loans at $3.9 billion, it maintains a net interest margin of 3.7% and has an appropriate bad loan allowance at 0.7%. Trading below fair value by 44%, it offers potential upside as analysts forecast annual revenue growth of 10.7%, though competition and economic uncertainties remain considerations for investors. Third Coast Bancshares focuses on enhancing technology and expanding non-interest income. Click here to explore the full narrative on Third Coast Bancshares. Simply Wall St Value Rating: ★★★★★☆ Overview: Oil-Dri Corporation of America, along with its subsidiaries, specializes in the development, manufacturing, and marketing of sorbent products both domestically and internationally, with a market capitalization of approximately $625.91 million. Operations: Oil-Dri generates revenue primarily from two segments: Business to Business Products ($166.91 million) and Retail and Wholesale Products ($298.43 million). With a focus on innovation and sustainability, Oil-Dri Corporation of America has shown solid financial performance. Recent earnings growth of 6.5% outpaced the industry's 4.9%, reflecting its competitive edge. The company reported net income of US$12.92 million for the second quarter, up from US$12.38 million the previous year, alongside sales increasing to US$116.91 million from US$105.67 million year-on-year. Its net debt to equity ratio is deemed satisfactory at 7.7%, and interest coverage stands strong at 34 times EBIT, indicating robust financial health despite increased debt levels over five years from 2.1% to 17%. Delve into the full analysis health report here for a deeper understanding of Oil-Dri Corporation of America. Evaluate Oil-Dri Corporation of America's historical performance by accessing our past performance report. Click here to access our complete index of 283 US Undiscovered Gems With Strong Fundamentals. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:EBTC NasdaqGS:TCBX and NYSE:ODC. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Associated Press
27-01-2025
- Business
- Associated Press
Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q4 2024
Dallas, Texas--(Newsfile Corp. - January 27, 2025) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. For 4Q24, Third Coast reported net income of $13.7M, up from $12.8M in 3Q24. This was equal to a basic and diluted EPS of $0.92 and $0.79, respectively. The Q/Q growth was primarily attributed to higher net interest income, driven by loan growth and increased investments in federal funds sold and interest-bearing deposits with correspondent banks. However, this increase was partially offset by a slightly higher provision for credit losses and rising expenses related to salaries and employee benefits. We anticipate that the Company will continue prioritizing operational efficiency by sustaining its 1% improvement initiative. This strategy is expected to support Third Coast in the current macroeconomic landscape. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Reported net income of $13.7M, up from $12.8M in 3Q24. The Company's loan portfolio continues to show strong growth, with an increase of $327.6M year over year. The efficiency ratio for the quarter was 58.80%, an improvement from59.57% last quarter. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies. Contacts: Stonegate Capital Partners
