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Brunson W. Donald, a director at Third Coast Bancshares , Inc. (NASDAQ:TCBX), which has seen its stock surge nearly 90% over the past year and trade near its 52-week high of $39.06, sold 2,000 shares of common stock on February 19, 2025. The shares were sold at a price of $37.535 each, totaling approximately $75,070. Following this transaction, Donald holds 38,118 shares directly and an additional 12,500 shares indirectly through an IRA. The $524 million market cap bank currently trades at a P/E ratio of 12. InvestingPro analysis reveals 8 additional key insights about TCBX’s valuation and growth prospects, available in the comprehensive Pro Research Report.
In other recent news, Third Coast Bancshares reported fourth-quarter 2024 earnings that exceeded analyst expectations, with an earnings per share (EPS) of $0.79 compared to the forecasted $0.68. The company also achieved revenue of $46.31 million, surpassing the anticipated $43.79 million. This performance was driven by a 16.4% increase in net interest income, reflecting the bank’s strategic focus on loan pricing and market expansion in Texas. Following the earnings announcement, Raymond (NSE:RYMD) James raised its price target for Third Coast Bancshares to $39.00 while maintaining an "Outperform" rating, attributing the decision to the bank’s solid earnings and fee income momentum.
Conversely, Keefe, Bruyette & Woods downgraded Third Coast Bancshares from "Outperform" to "Market Perform," even though they increased the price target to $42.00. This adjustment was made despite the bank’s strong performance, which included an 8% increase in loans and a 31% rise in deposits on a linked quarter annualized basis. The downgrade was attributed to the stock’s valuation aligning more closely with its improved fundamentals. Despite this, Keefe, Bruyette & Woods acknowledged the bank’s impressive year of execution and management’s proven track record.
These developments highlight Third Coast Bancshares’ robust financial performance and strategic execution, which have been recognized by analysts, albeit with differing perspectives on the stock’s future potential.
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