Bank of New York Mellon Invests $13.55M in Third Coast Bancshares; Buyback Starts
AQR Capital Management increased its Third Coast Bancshares stake by 21.7% in the first quarter, while Millennium Management and Empowered Funds also added shares. Third Coast Bancshares’ board initiated a share buyback plan allowing up to $30.00 million of repurchases, up to 4.5% of stock via open market purchases. The stock fell 1.7%.