Piper Sandler analyst Brad Milsaps maintained a Buy rating on Third Coast Bancshares (TCBX – Research Report) today and set a price target of $21.00. The company’s shares closed yesterday at $12.94.
According to TipRanks, Milsaps is an analyst with an average return of -0.8% and a 37.81% success rate. Milsaps covers the Financial sector, focusing on stocks such as Cadence Bank, Western Alliance, and First Financial Bankshares.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Third Coast Bancshares with a $23.00 average price target.
See today’s best-performing stocks on TipRanks >>
Based on Third Coast Bancshares’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $33.76 million and a net profit of $7.53 million. In comparison, last year the company earned a revenue of $26.4 million and had a net profit of $354.25 thousand
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TCBX in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Third Coast Bancshares Inc is a bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary.
Read More on TCBX:
