Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Third Coast Bancshares, Inc. (TCBX) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings est ...

Have you been paying attention to shares of Third Coast Bancshares, Inc. (TCBX) ? Shares have been on the move with the stock up 22.5% over the past month. The stock hit a new 52-week high of $33.42 in the previous session. Third Coast Bancshares, Inc. has gained 65.1% since the start of the year compared to the 20.6% move for the Zacks Finance sector and the 16.5% return for the Zacks Banks - Southeast industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surp ...

____________________________ Exhibit 99.1 News Release Contact: Ken Dennard / Natalie Hairston Dennard Lascar Investor Relations (713) 529-6600 TCBX@dennardlascar.com FOR IMMEDIATE RELEASE THIRD COAST BANCSHARES, INC. REPORTS 2024 THIRD QUARTER FINANCIAL RESULTS Record Basic EPS of $0.85 and Diluted EPS of $0.74 HOUSTON, TX – October 23, 2024 – Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2 ...

HOUSTON, Oct. 2, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 third quarter financial results on Wednesday, October 23, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, October 24, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancshares' 2024 Third Quarter Earnings Confer ...

Third Coast Bancshares, Inc. (TCBX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. T ...

HOUSTON, Sept. 16, 2024 /PRNewswire/ -- Third Coast Bank (the "Bank," "Third Coast," "we," "us," or "our"), a wholly owned subsidiary of Third Coast Bancshares, Inc. (NASDAQ: TCBX), is pleased to announce today the successful completion of a New Syndicated Senior Credit Facility led by the Bank's Corporate Banking team. Surpassing the initial $50 million fundraising goal, strong interest from potential lenders led to oversubscription, increasing the senior credit facility to $60 million for Syntrio Solution ...

Completed successful IPO on November 12, 2021 Expanded community banking offices from 11 in 2021 to 18 today HOUSTON, Aug. 6, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, today announced that its Chairman and Chief Executive Officer, Bart Caraway, and other members of the Third Coast management t ...

Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q2 2024 . July 26, 2024 4:43 PM EDT | Source: Reportable, Inc. To view the full announcement, including downloadable images, bios, and more, click here. Net Income of $10.8M in the quarter Year over year loan growth of $422.9M 18th branch opened 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. ...

Financial Data and Key Metrics Changes - The company reported a net income of $10.8 million, achieving a return on equity of 10.5% and a record diluted earnings per share of $0.63, with a return on average assets of 97 basis points [91] - Net interest income increased by 8.2% on an annualized basis, reaching $38.9 million, despite modest loan growth of $12 million for the quarter [91] - Non-interest expenses decreased for the third consecutive quarter, targeting a base in the $26 million range, with a non-interest expense to average earning asset ratio of just 2.39% [2][90] Business Line Data and Key Metrics Changes - The loan portfolio remained strong, with classified assets declining by $20 million, or 33.4%, primarily due to the payoff of a $14.6 million substandard loan [7] - Nonperforming loans to total loans increased slightly to 0.65% from 0.58%, mainly due to one relationship totaling $7.9 million placed on nonaccrual [7] - The loan-to-deposit ratio was 97%, aligning closely with the projected range of 95% to 98% for the remainder of the year [4] Market Data and Key Metrics Changes - The company experienced a decrease in deposits for the second quarter, consistent with seasonal patterns, but improved the overall deposit mix by adding more non-interest bearing deposits [4] - The average loan-to-value (LTV) for the office portfolio is approximately 60%, while the average LTV for medical office is around 55% [9] Company Strategy and Development Direction - The company aims to promote sustainable growth through operational excellence and a 1% improvement initiative, fostering a culture of continuous improvement [12] - The loan pipeline remains robust, with expectations of growth between $50 million to $100 million per quarter, driving net interest income growth to exceed 10% [13] - The company is focused on enhancing customer experience and operational excellence while adapting to economic challenges [14] Management's Comments on Operating Environment and Future Outlook - Management noted that despite economic headwinds, the economy in their markets is performing well, with customers being more selective and cautious in their business decisions [16] - The full extent of Hurricane Beryl's impact on expenses remains uncertain, but the company is committed to managing expenses prudently [12] - The company expects to maintain a strong loan pipeline and is positioned to capitalize on growth opportunities while managing risks [14] Other Important Information - The company has successfully opened new branch locations in Austin and The Woodlands, expanding its presence in the Texas triangle region to 18 branches [76] - The efficiency ratio has improved from 75.3% to 61.4% since the fourth quarter of 2021, indicating better cost management [76] Q&A Session Summary Question: What is the outlook for loan growth considering the runoff of municipal loans? - Management indicated that the loan growth expectation of $50 million to $100 million is net of the municipal loans that are running off, which are expected to be lumpy [19] Question: Can you elaborate on the changes in asset sensitivity? - Management explained that the shift from being asset sensitive to slightly liability sensitive was intentional, preparing for potential rate drops [25] Question: What are the expectations for fee income moving forward? - Management expressed confidence in maintaining fee income around the $2.5 million range, driven by strong loan fees despite some variability in SBIC fees [29] Question: How is the company managing its efficiency ratio? - Management confirmed that improving the efficiency ratio is a consistent topic of discussion, with a goal to achieve a sub-60% ratio as the bank continues to grow [50][57]